Iran has announced the discovery of a major new natural gas field containing more than 7.5 trillion cubic feet of natural gas, providing a substantial boost to the country’s domestic energy capacity.
Speaking on Iranian national television, Oil Minister Mohsen Paknejad revealed the discovery of the Takht-e field, which also holds significant reserves of gas condensate, MNA reported.
The recoverable gas volume from the new domain is estimated to be equivalent to roughly 15 years of output from phase one of Iran’s flagship South Pars gas field.
According to Paknejad, Takht-e contains ‘sweet’ natural gas, characterised by relatively low levels of corrosive sulphur compounds, which is expected to drastically streamline development timelines and lower ongoing operational expenses.
Combined, the gas and liquid condensate resources represent tens of billions of dollars in value, creating what Paknejad described as “a new source of wealth for the country”.
The Iranian government intends to fast-track the field’s development to funnel fresh gas supplies directly into domestic heavy industry and energy-intensive sectors.
Iran has increasingly relied on internal capital and technical expertise to develop its energy reserves since 2018, when comprehensive US sanctions targeted its petroleum sector.
The discovery comes against the backdrop of heightened global attention on the region’s critical energy infrastructure, particularly the Strait of Hormuz.
Iran lost a quarter of its daily gas production capacity following attacks on its energy infrastructure in late February.
While international markets remain sensitive to supply stability through the strait, Iran’s focus on the Takht-e project aims primarily at solidifying its internal energy grid and strengthening manufacturing output amidst persistent geopolitical pressure.
