Managing director of the National Iranian Gas Company (NIGC) Hamid Reza Araqi said that Iran’s production of natural gas in the past 11 months into the current year has been unprecedented in the history of the country.
"The record has been unprecedented for Iran in increasing its natural gas production by 100 million cubic meters a day within a year,” he told an economic forum in Tehran.
This, Araqi said, is the result of efforts undertaken by the Rouhani administration offiicals.
Iran’s current production of natural gas stands at 600 million cubic meters a day and its consumption of gas products is about 500.
Pointing to a rise in gas consumption, the official said that growth in consumption is not good.
He also noted that the country needs proper planning to maximize the efficiency of natural gas consumption in the country.
A major share of Iran's gas production comes from the energy hub of South Pars. Located in Persian Gulf waters, South Pars holds hold an estimated reserve of 51 trillion cubic meters of in-situ natural gas and some 50 billion barrels of condensates.