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Iran discovers major gas reserves in southern province
Gas transmission station
TEHRAN, Aug. 24 (Xinhua/UNB) -- Iran announced on Sunday that it had discovered more than 212 billion cubic meters of natural gas reserves in the southern Fars province.
Petroleum Minister Mohsen Paknejad told state television that more than 160 billion cubic meters of the gas could be extracted from the field, adding that authorities were taking urgent measures to begin its development as soon as possible.
He described the gas as "sweet" natural gas, meaning it contains very little hydrogen sulphide, a characteristic that could help reduce operating and development costs.
The announcement came as Iran's energy sector continues to grapple with the impact of months of U.S.-Israeli strikes on its infrastructure and extensive economic sanctions.
Paknejad said the discovery would "serve as a very strong foundation for the country's energy future."