The discovery in Fars province includes 5.7 trillion cubic feet of recoverable reserves, state media reports.
Iran has identified a natural gas field in Fars province containing over 7.5 trillion cubic feet of reserves, with 5.7 trillion cubic feet deemed recoverable. The discovery was announced by state media on Sunday, highlighting potential additions to the country’s energy sector.
The new field could bolster Iran’s position as a major global gas producer, though infrastructure and investment challenges remain. Iran holds the world’s second-largest natural gas reserves but faces sanctions limiting export capacity.
No immediate market reaction was reported, though the discovery may influence long-term energy supply dynamics in the region.