Iran Economy NewsIran Faces Energy Shortage Despite Large Reserves

Iran Faces Energy Shortage Despite Large Reserves

-

Despite being the second-largest natural gas reserves holder, the third-largest oil-rich country, and abundant in renewable energy sources, the regime’s media outlets claim that the country will face energy supply problems in less than 20 years.

According to a report by the regime’s Fars News Agency, estimates indicate that Iran will only be able to meet one-third of the country’s gas demand from 2041 onwards. Until then, Iranian people and industries will only have access to gas and electricity for eight hours per day.

Fars, which is associated with the Islamic Revolutionary Guard Corps (IRGC), states that although the development of the South Pars gas field, the world’s largest gas field, has allowed Iran to surpass Qatar in gas production since 2018, with a record-breaking daily production of 700 million cubic meters of gas, the decline in production from this field starting in 2025, at a rate of 28 million cubic meters per day, will exacerbate the existing gas crisis in the country.

A report from the Majlis (Parliament) Research Center also indicates that the gas shortage has surpassed the seasonal fluctuations since last year, and currently, Iran faces a daily shortage of approximately 123 million cubic meters throughout the year.

Meanwhile, Tasnim, another IRGC-linked news agency, has simultaneously reported that less than one percent of the country’s energy is supplied by renewable power plants.

According to this report, Iran’s total capacity for using renewable energy is currently 870 megawatts, while the government is obligated to add at least 10,000 megawatts to the country’s renewable power plant capacity by 2025.

Iran, with its extraordinary potential in energy sources such as solar and wind, can meet a significant portion of its energy needs from these natural, clean, and renewable sources.

However, the Iranian regime is allocating all financial resources to nuclear ambitions and interfering in regional countries rather than developing its renewable energy sector.

Latest news

Dire Living Conditions of Iranian workers on International Labor Day

On the occasion of International Workers' Day, May 1, the dire economic conditions of Iranian workers have reached a...

Only One-Fifth of Iran’s Annual Housing Needs Are Met

Beytollah Setarian, a housing expert, said in an interview that Iran needs one million housing units annually, but only...

Resignation, Job Change, and Nurse Exodus in Iran

The state-run Hame-Mihan newspaper has addressed the problems of the healthcare workforce in Iran, examining issues such as resignations,...

International Monetary Fund: Iran Needs “$121 Oil” to Avoid Budget Deficit

The International Monetary Fund (IMF) states in its latest quarterly report that the Iranian government needs the price of...

Alarming Rise in Suicide Rate Among Iranian Physicians

Mohammad Mirkhani, a social consultant of the Medical Council Organization, considered the difficult working conditions of physicians in Iran...

Iran Begins Spring with Shock in Food Prices

Figures in the most recent report by the Iranian regime’s Statistical Center on Inflation in March 2024 show that...

Must read

Pence: US Will Defend Its Troops in Middle East

By Pooya Stone Vice President Mike Pence said that...

Manx ship Iran link raised by MP in Commons

BBC: The Justice Secretary Ken Clarke said he will...

You might also likeRELATED
Recommended to you