Natural Gas

The Middle East accounts for about 43% of the world’s natural gas, with an estimated 2,835 trillion cubic feet (tcf) of natural gas reserves. However, many researchers believe that the prospect of natural gas reserves in the country could be as high as double the current estimates. Natural gas reserves in Iraq are mainly found in areas close to the oil reserves. In 2013, gas production in Iraq reached 2.23 billion cubic feet per day with the southern fields producing 1.9 billion cubic feet. However, the ongoing conflicts have reduced production to only 700 million cubic feet per day both from the north and south fields.