July 1 (Bloomberg) -- Iran, the world's No. 2 holder of natural-gas reserves, faces delays in rolling out projects as global lenders cut commercial ties with the country and bureaucracy crimps progress on the fuel's export, a report said.

Shipments of liquefied natural gas from Iran may be postponed by as much as five years to 2014-15 as Royal Dutch Shell Plc and Total SA defer sanctioning projects in South Pars, the largest single natural-gas deposit in the world, FACTS Inc. said in a report yesterday. Output from five blocks in the field is being delayed, the U.S. consultant said. ... Read full article