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Iraqi delegation to visit Iran to negotiate more gas imports

Iranian gas & electricity powers more than a 3rd of the Iraq’s energy needs, particularly in the south

Iraqi delegation to visit Iran to negotiate more gas imports

Teheran, December 16 - Neftegaz.RU. A spokesman for Iraqi Ministry of Electricity said that Iraqi representatives will travel to Teheran to talk about increasing gas import from Iran.
Iraq's electricity ministry says the country still needs to import natural gas from Iran because its plan to locally provide fuel for its power plants has not been completed yet.

Spokesman for Iraqi Ministry of Electricity Ahmed Musa reiterated several Iraqi delegations will travel to Iran to discuss increasing gas exports which have reportedly been cut to 8 million m3 a day from 50 million m3.

«Negotiations with the Iranian ambassador in Baghdad and the Iranian ministry of energy regarding the increase of gas imports from Iran are ongoing,» Baghdad al-Youm news agency quoted him as saying Sunday.

Despite its position as a major oil producer, Iraq relies on Iran for natural gas that generates as much as 45 % of its 14,000 megawatts of electricity consumed daily.
Iran transmits another 1,000 megawatts directly, making itself an indispensable energy source for its Arab neighbor.

Earlier this month, the United States granted Iraq a 120-day extension to a sanctions waiver allowing Baghdad to continue energy imports.
Iraq is also under increasing US pressure to wean itself off Iranian energy imports and develop its own gas resources, most of which are pumped with oil.

Cash-strapped Iraq has failed to develop several associated gas projects and is seeking help from international oil companies to help capture gas pumped with oil, most of which is currently flared.


Source : Neftegaz.RU


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