Iraq Plans Gas Import Terminals Amid Tighter U.S. Sanctions on Iran ...Middle East

Iraq is negotiating the procurement of two floating regasification terminals as it seeks to replace gas supply from Iran with alternatives amid a renewed U.S. sanction push against Tehran. Bloomberg reports that the government in Baghdad was seeking to cover up to 50% of domestic gas demand during peak times, with the rest coming from local gas production. The regasification terminals will be installed at the port of Basra, according to oil minister Hayyan Abdul Ghani. Iran is the main source of import gas for Iraq—and import electricity…

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