This picture taken on Wednesday, Jan. 22, 2014, shows a gas refinery at the South Pars gas field on the northern coast of Persian Gulf in Asalouyeh, Iran. (AP Photo/Vahid Salemi)
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Iran needs $100 billion to rebuild its gas industry and has met with European energy giants as an end to decades of international sanctions looms, according to the state-run company in charge of discussions.While commodity markets fixate on a return of Iranian oil, the importance of gas in the longer term was underlined Wednesday as BP Plc data showed Iran held its position as the nation with the largest proven reserves of the fuel after snatching the crown from Russia in 2011 .If a final agreement on Iran's nuclear program is reached by the June 30 deadline and sanctions eased, Iran plans to increase gas exports sevenfold to 200 million cubic meters a day in four years, Ramazani said.
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