• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Oil and Gas Market
    Oil and Gas News
    Oil and Gas Stocks
    • Oil and Gas Market
    • Oil and Gas News
    • Oil and Gas Stocks
    market news

    Iran Holds Largest Proven Natural Gas Reserves Globally

    Teresa Matich
    Jun. 19, 2014 10:44AM PST
    Oil and Gas Investing

    According to BP’s (NYSE:BP) Statistical Review of World Energy released this week, Iran holds the world’s largest natural gas reserves, Asharq Al-Awsat reported. The country has 33.8 trillion cubic metres of gas, making up 18.2 percent of the world’s proven reserves.

    According to BP’s (NYSE:BP,LSE:BP) Statistical Review of World Energy released this week, Iran holds the world’s largest natural gas reserves, Asharq Al-Awsat reported. The country has 33.8 trillion cubic metres of gas, making up 18.2 percent of the world’s proven reserves. However, BP also noted that Iran only accounts for 0.5 percent of global natural gas production.

    As quoted in the publication:

    Years of crippling sanctions have stymied Iran’s oil and gas industries, leaving infrastructure and fields underdeveloped due to lack of investment and expertise. Energy subsidies coupled with a growing population have also created excess demand which the country’s gas industry has not been able to meet, making it today a net importer of natural gas, despite more than doubling production between 2002 and 2012.

    Click here to read the full Asharq Al-Awsat article.

    gas industrynyse:bpmarket newsgas reserveslse:bp
    The Conversation (0)

    Go Deeper

    AI Powered
    Oil barrels on black background with golden world map.

    10 Top Oil-producing Countries

    Gas stove and world map.

    Top 10 Countries for Natural Gas Production

    Latest News

    Westport Files Preliminary Short Form Base Shelf Prospectus To Replace Expired Base Shelf Prospectus

    Angkor Resources Advances Seismic Program With Enercam's Oil & Gas Block VIII, Cambodia

    Charbone Hydrogene annonce des mise-a-jour sur le projet phare de Sorel-Tracy, franchissant plusieurs etapes cles cette semaine

    CHARBONE Hydrogen Provides Update on Flagship Sorel-Tracy Project, Achieving Multiple Key Milestones This Week

    Response to ASX Price and Volume Query

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×