Iran Seeks to Double Gas Output Amid Sanctions, Official Says

Iran, holder of the world’s largest natural gas reserves, plans to double production of the fuel to 1 billion cubic meters a day by 2017, largely on output from the South Pars field, the head of its state-owned gas company said.

Iran produces as much as 550 million cubic meters of gas a day, and work on four phases of South Pars will add 100 million cubic meters by March, Hamid Reza Araghi, managing director of National Iranian Gas Co., said in an interview in Tehran.