Iran is set to the be the largest driver of gas production gains in the MENA region in 2015-2021, with the IEA expecting annual output to rise 29bcm to 199bcm. But with demand set to rise 26 bcm to 195 bcm, the impact on global gas markets will be minimal.
While Iran has a number of mooted gas export plans, satisfying the domestic market is the government’s key priority. Although the easing of international sanctions is reinvigorating Iran’s crude oil production and exports (MEES, 17 June) the impact on gas is primarily set to be felt on the demand side. (CONTINUED - 414 WORDS)
