The Next Natural Gas Superpower

Following the temporary withdrawal of China from Phase 11 of Iran’s supergiant South Pars gas field due to the political backlash that the deal – and related deals – engendered, the Petroleum Ministry has been looking to domestic companies to keep production going in the meantime. Given the technical and financial constraints on local firms to undertake such major projects as each of the original 24 phases of South Pars, Petroleum Minister Bijan Zanganeh has split off elements of three of those phases – 11, 15, and 21 –…