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Iran Projected to Exhaust Methane Reserves by 2025

posted by LaminatorX on Monday March 03 2014, @11:30AM   Printer-friendly
from the you-don't-get-high-on-your-own-supply dept.

fx_68 writes:

"Despite holding the world's largest natural gas reserves, Iran's Energy Ministry has warned that the Islamic Republic is on course to become the world's largest importer of natural gas by 2025 unless it can rein in rampant domestic demand. Domestic consumption is surging as their gas network grows and more gas is needed to sustain output from aging oilfields."

 
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  • (Score: 3, Informative) by RobotMonster on Monday March 03 2014, @12:10PM

    by RobotMonster (130) on Monday March 03 2014, @12:10PM (#9998) Journal

    I don't understand your logic. TFS says "The Islamic Republic is on course to become the world's largest importer of natural gas by 2025".
    You got it backwards, perhaps?

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  • (Score: 2) by frojack on Monday March 03 2014, @10:34PM

    by frojack (1554) on Monday March 03 2014, @10:34PM (#10293) Journal

    TFS bears little resemblance to TFA. It looks like the submitter read the headlines, and that was all.

    IRAN does not have a shortage of gas.
    The have a shortage of gas wells, pipelines, and facilities.
    They have no funds to build these, and precious few construction companies with expertise want to work in the country, and those that do can't due to sanctions.
    Iran is currently burning its crude rather than selling as much as it would like.
    Their internal electrical generation is almost solely ancient oil based facilities.
    This ancient tech has around 13% efficiency, compared to between 60 and 70 per cent achieved by modern plants in other parts of the world.
    Iran's source of gas is as a byproduct of their Oil production, and they can't take as much gas as they need because of the need to keep well-head pressure up for oil production. Pure gas-only fields are rare in Iran.

    The biggest takeaway: Western sanctions were working way better than anyone imagined, and since those have been lifted oil trade is improving rapidly.

    --
    No, you are mistaken. I've always had this sig.