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Gas

Iran has halted gas flaring from the Soroush and Norouz oil fields in the Persian Gulf, through implementation of a Clean Development Mechanism (CDM) project.

Presenting at Gastech 2011 in Amsterdam, Wood Mackenzie said it expects that around 150 million tonnes of new LNG capacity will need to be sanctioned over the next ten years to meet growing demand for gas, which will require supply from discovered conventional resources, unconventional gas, and yet to be discovered or appraised gas.

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