Despite holding the world’s second largest natural gas reserves and having Russia as a new partner, Iran faces challenges to revive one of its three LNG export projects.


Iran, the world’s third largest gas producer, shares the giant North Dome/South Pars field with Qatar, but it has fallen far behind in developing its reserves to meet domestic and international gas demand.

“If you compare Iran with neighboring Qatar, a top LNG exporter, sharing the same huge gas reserve, you question why Iran is so far behind in developing its gas assets,” said Alex Vatanka, director of the Iran program at the Washington-based Middle East Institute.

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