The National Iranian Offshore Oil Company has announced plans to begin the development of six new offshore natural gas fields in the Persian Gulf, whose reserves are estimated at 25.7 trillion cubic feet.

Iran’s natural gas reserves are estimated to be the world's second largest, exceeded only by those in the Russian Federation.

The natural gas fields, which include the Lavan, Resalat, Reshadat, Salman, Kangan, Hamoun and Gorzin sites, are expected to produce about 10 billion cubic