Iran's Gas Crisis Amid Sanctions

Iran faced a major crisis in the gas sector due to half a year of ongoing American maritime blockade. The recent sanctions resulted in a loss of one-third of the daily gas production, approximately 230 million cubic meters. Despite measures to recover 95 million cubic meters daily by the end of September, the new sanctions will hinder recovery efforts, especially as some countries have ceased purchasing Iranian gas, increasing pressure on the sector and threatening the possibility of full production recovery. Iran possesses the second largest proven gas reserves in the world, with a capacity of 34 trillion cubic meters, and consumes 94% of its gas domestically. However, sanctions impose restrictions on the development and export of gas, jeopardizing the future of this vital sector.

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