Iraq Explores Diversification of Gas Sources for Power Stations, 8 OCT

  Iraq Explores Diversification of Gas Sources for Power Stations, 8 OCT

In a bid to ensure a stable energy supply and mitigate the impact of any disruptions, Prime Minister Muhammad Shaaa Al-Sudani of Iraq has convened a meeting to discuss the diversification of gas sources for the country’s power stations. The meeting was a platform to explore alternative gas supplies and aimed at reducing the reliance on a single gas source. The emphasis was on the crucial role of diversification in the energy sector, and bringing to light potential partnerships with neighboring countries and international organizations.

Initial Agreement with Turkmenistan

As part of its efforts to diversify its energy sources, Iraq has signed an initial agreement with Turkmenistan to import gas. This agreement aims to provide Iraq with a stable and sustainable power supply by importing gas through pipelines connected to Iran. Currently, Iraq relies on gas imports from Iran for almost one-third of its energy needs. However, regular supply cuts due to payment issues have led to electricity outages, a problem that the agreement with Turkmenistan seeks to address, thereby improving Iraq’s energy security.

TotalEnergies Steps In

In addition to the Turkmenistan agreement, Iraq has also entered into a significant deal with French company TotalEnergies to develop its natural resources and improve its electricity supply. The $27 billion deal includes the recovery of flared gas from Basra oil fields, the construction of a seawater treatment plant, and the development of a solar power plant. These initiatives are part of Iraq’s broader efforts to attract foreign investments and rebuild its energy infrastructure, which has been beleaguered with issues after decades of conflict and instability.

The Need for Domestic Reforms

While external partnerships and deals are crucial, Prime Minister Al-Sudani also highlighted the need for domestic reforms to tackle corruption and inefficiencies in the energy sector. It is imperative to ensure long-term energy sufficiency and stability. The Prime Minister underscored the importance of investment in infrastructure and technology to support the expansion of gas operations.

Moving Forward

The meeting concluded with a commitment to further explore alternative gas sources and develop a comprehensive strategy for the diversification of gas supplies for power stations in Iraq. It is an ambitious plan, but one that is crucial for the future energy security of the country. As Iraq moves forward with these plans, it will be interesting to see how these strategies shape the country’s energy landscape in the coming years.

https://bnn.network/world/iraq/iraq-explores-diversification-of-gas-sources-for-power-stations/