Iran looks to capitalize on record natural gas prices A key focus of this ambition will be Iran’s supergiant non-associated gas field of South Pars Elsewhere, the immediate focus for Iran in further developing its gas output will be on the fields originally earmarked for development by Russian companies As great as Iran’s oil reserves are, its gas reserves are even greater, with official estimated proven natural gas reserves of 33.78 trillion cubic metres (Tcm), second only to Russia, 17 percent of the world’s total and more than one-third of OPEC’s. If the new-found reserves in the Chalous field were added – as exclusively revealed by OilPrice.com – then Iran would have a total natural gas reserves figure of 40.9 Tcm (bigger than Russia’s, given required adjustments to that figure). In tandem with its key superpower allies – Russia and China – with which it has long-running comprehensive co-operation […]