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Iran capturing their MASSIVE Natural Gas reserves - - 2nd Largest in World

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  • Iran capturing their MASSIVE Natural Gas reserves - - 2nd Largest in World

    Ran across this Oil Forum information that Iran is capturing more and more of their MASSIVE Natural Gas Reserves . . . . ranked as 2nd Largest in the World (only behind Russia). NG is being recovered from South Pars field (giant offshore field in Persian Gulf . . . .which Iran shares with Quatar).

    Currently Iran is capturing 285 to 300 mcm (million cubic meters) DAILY which could SOAR to MASSIVE 700 mcm/daily once all phases are complete. See further details at:
    http://www.oilvoice.com/n/Iran_gas_r...2015a6b29.aspx
    Annual revenue from NG production is estimated to be $120 Billion/Annually if Iran captures the 700 mcm/daily. Dictator has plenty of spending money in his pocket! Scary.


    This explains why Iran has the 2nd LOWEST COST NG in the World at only $0.04/Nm3 - - - - only country lower is Venezuela at $0.002/Nm3. Compare to the largest NG reserves in world (Russia) which is $0.29/Nm3 . . . . . or USA at $0.51/Nm3. See statistics at:
    http://www.ngvjournal.com/en/statist...de-fuel-prices

    Surely explains why Iran has shot from having 48,000 NGV's in 2005 to nearly 2,900,000 NGV's by 2011 . . . . making Iran the WORLD's #1 NGV vehicle count. See 2011 Summary statistics by country at:
    http://www.iangv.org/current-ngv-stats/

    Above is reason alone to get going ASAP on implementing NGV's in USA.

  • #2
    Re: Iran capturing their MASSIVE Natural Gas reserves - - 2nd Largest in World

    I found this story today:
    5841. http://www.newsandsentinel.com/page/....html?nav=5061

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