Iraq in Talks with Turkmenistan to Import Natural Gas
In a significant move towards bolstering its energy security, the Iraqi Ministry of Electricity has commenced negotiations with Turkmenistan Gas Company to import 25 million cubic meters of natural gas daily. This crucial step, as reported by the Iraqi News Agency, intends to fully satiate the fuel needs of six prominent power stations in the region.
Meeting the Energy Demand
The decision by the Ministry of Electricity aligns with the directives of Prime Minister Mohammed Shiaa’ Al-Sudani. The proposed quantity of gas import is aimed at meeting the escalating demand for electricity in the region and ensuring a stable supply of natural gas and electricity, particularly in the event of delays or technical issues in Iran.
Upon successful procurement, this import will entirely meet the natural gas requirements of several operating units, including the Mansuriyah, Sadr, Basmaya, South Baghdad Gas Station Second, Quds, and Taji stations.
Regional Energy Landscape
The negotiation comes amidst a wider reshaping of the Eurasian energy landscape. Countries like Kazakhstan, Russia, and Uzbekistan are currently considering the formation of a trilateral ‘gas union’ for infrastructure development and foreign market expansion. The concept of such a gas union is considered ‘extremely relevant’ and beneficial for all involved nations.
Energy Initiatives Across the Middle East
In related energy news, Saudi Arabia is making significant strides in the realm of renewable energy. It plans to launch renewable energy projects with a capacity of 20 gigawatts in 2024 after quadrupling its renewable energy production from 700 megawatts to 2.8 gigawatts. Furthermore, the kingdom is taking steps to be a major global source of green hydrogen and is developing international partnerships to foster green hydrogen projects within the country.
In the pursuit of global climate goals, the Saudis are focusing on innovation and a wide range of technologies to secure affordable energy access in a more sustainable future for all, addressing the fundamental challenges of climate change.
https://bnn.network/world/iraq/iraq-in-talks-with-turkmenistan-to-import-natural-gas/
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