ENERGY

Iran Reports Major Gas Discovery: Iran announced that it has tapped into the world’s largest gas field, finding reserves worth $200 billion where its Persian Gulf waters meet Qatar’s. It said its section, called the South Pars Field, holds 100 trillion cubic feet of gas, plus gas liquids and oil. The gas lies beneath shallow waters in the Gulf. Qatar, which calls the reservoir the North Field, began producing in August. Reserves on the Qatari side are estimated at 500 trillion cubic feet. Oil Minister Gholamreza Aghazadeh, quoted by the Iranian news agency IRNA, said the field was “the largest ever discovery of its kind in history.” He said the reservoir also held 2.5 billion to 3 billion barrels of gas liquids.