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Official Stresses Iran's Expanded Gas Distribution Network

Service : Economy
TEHRAN, May 20 (ICANA) – A senior Iranian gas official underlined that the country enjoys rich natural gas reserves and a fully expanded distribution network.
Friday, May 20, 2011 10:54:57 PM
Official Stresses Iran's Expanded Gas Distribution Network

Iran's natural gas distribution network is the fourth largest in the world, Chairman of Iran's Gas Transportation Company Reza Almasi stated.

"Iran stands in second place in the world in terms of natural gas reserves and ranks fourth in natural gas distribution network after Russia, the US and Canada," Almasi reiterated.

"Forty percent of the world's gas is located in the vicinity of the Persian Gulf, shared between Iran and Qatar," he noted.

Iran has the world's second-largest reserves of natural gas (15% of the world's total).

Iran possesses roughly 10 percent of the world's total proven petroleum reserves as well.

In January, Managing-Director of the National Iranian Gas Company (NIGC) NIGC Javad Oji said that the country plans to further develop its gas fields and build more gas pipelines after the company inked several lucrative contracts in the last 10 months.

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