Iranian Oil Minister, Javad Ouji, has announced plans to increase gas production from the current 1.07 to 1.3 billion cubic meters per day by 2030. Despite facing sanctions that hinder investment in the oil and gas sector, Iran is determined to play a significant role in the global gas market.

To achieve this goal, the minister revealed intentions to invest approximately $80 billion, although the sources of such substantial investments remain undisclosed. Reuters reports that Iran currently consumes over 250 billion cubic meters of gas annually, with consumption on the rise. This growth in demand poses challenges not only for Iran's export aspirations but also for its domestic gas supply.