By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Democrat NewsThe Democrat NewsThe Democrat News
0

No products in the cart.

Notification Show More
Font ResizerAa
  • Energy
  • Sports
Reading: Iraq Plans Floating Gas Terminals to Address Power Shortage
Share
Font ResizerAa
The Democrat NewsThe Democrat News
0
  • Energy
  • Sports
Search
  • Home
  • Categories
  • Customize Interests
  • My Bookmarks
  • Blog View
Have an existing account? Sign In
Follow US
The Democrat News > Blog > Uncategorized > Iraq Plans Floating Gas Terminals to Address Power Shortage
Uncategorized

Iraq Plans Floating Gas Terminals to Address Power Shortage

Esther Udoh
Last updated: March 25, 2025 11:11 am
Esther Udoh
Published March 25, 2025
Share
SHARE

Iraq is negotiating to acquire two floating storage regasification units (FSRUs) by June to address power shortages after the U.S. ended a waiver allowing Iraqi electricity imports from Iran. The FSRUs, set for installation near Basra’s Khor al-Zubair port, will help meet Iraq’s rising gas demand.

Iraq meets 60% of its gas needs domestically but relies on imports, especially during peak demand. The government has launched a tender for a fixed regasification platform at Grand Faw port and aims to end gas flaring by 2028.

Talks with oil companies in Kurdistan are progressing, with hopes of resuming northern exports soon.Although Iraq has frequently reported progress on restarting the northern export pipeline, oil producers in the region say they need more clarity on compensation, and export contracts are not yet finalized.Iraq has committed to staying within its OPEC+ production quota after the pipeline resumes but has not specified how it will manage this.

You Might Also Like

Ronaldo: The Goal Machine, Messi : The Trophy Collector

Iberdrola Begins Offshore Construction of East Anglia 3 Wind Farm

CNOOC: World’s largest buried hill oilfield now producing.

Rwanda and Nigeria ended their match in a goalless draw

Industrial Hubs in Nasarawa State Set to Gain from AKK Gas Project

TAGGED:Oil and gasRenewable energy
Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recipe Rating




Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
Popular News

Chevron and Engine No. 1 Announce Partnership for Power Solutions in U.S. Data Centers.

Esther Udoh
Esther Udoh
January 30, 2025
Putin calls for Russia-US-Saudi talks on the global energy market.
China’s Energy Imports Decline in Early 2025
Egypt Signs $3B LNG Deals with Shell, TotalEnergies
Bayern Munich Expected to Part Ways with Thomas Müller
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?