Iran Struggles as Demand Crimps Exports

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Domestic shortages and a sharp fall in exports have shone a light on Iran’s inability to boost natural gas production, despite boasting the world’s largest reserves. Tehran is counting on its tighter ties with Russia giving impetus to joint energy projects this year, but there is little sign of progress. A closer relationship with Moscow is also making it unlikely that the West will ease sanctions, which would help Iran raise output. Meanwhile, the failure to curb runaway domestic consumption has sparked an energy crisis at home that has embarrassed the administration of President Ebrahim Raisi already dealing with months of widespread anti-regime protests.

Gas Supply, Gas Demand, Sanctions, Policy and Regulation, LNG Projects
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