Iraq Secures Gas Supply Contract with Turkmenistan to Enhance Energy Diversification
Iraq has signed a contract to secure Turkmen gas supply, assuring distribution of 10 million cubic meters in winter and 20 million in summer. The agreement includes a contingency clause for any supply disruptions, with plans for development of local energy fields to enhance stability.
On Saturday, Minister of Electricity Ziad Ali Fadhil announced the signing of a significant contract to procure natural gas from Turkmenistan to Iraq. This contract was formalized under the auspices of Prime Minister Mohammed Shia al-Sudani, as part of the government’s strategy to diversify Iraq’s energy sources. The gas will be transported via pipelines linking through Iran, ensuring a supply of 10 million cubic meters during winter months and 20 million cubic meters in summer. Additionally, Minister Fadhil emphasized a compensatory clause within the agreement that stipulates equivalent gas supplies in the event of any delivery issues. Furthermore, he pointed out the importance of this contract in addressing various energy-related challenges while highlighting ongoing efforts to boost local energy production through the development of domestic oil fields. The initiative aims to enhance energy reliability across the nation. In gratitude, Turkmenistan’s Minister of Gas Affairs, Maksad Babayev, commended the collaborative relationship between the two countries regarding energy supplies and the successful negotiation of this contract.
The recent contract for gas supply from Turkmenistan to Iraq marks a pivotal step in Iraq’s efforts to enhance its energy security and diversify its supply sources. With ongoing challenges in energy provision, particularly in meeting the seasonal demands of heating and cooling, the Ministry of Electricity aims to utilize this agreement to stabilize and increase national energy production. The partnership with Turkmenistan reflects broader regional cooperation and strategic investments in energy infrastructure, crucial for Iraq’s economic development and energy independence.
In summary, the contract signed between Iraq and Turkmenistan for gas supply signifies an important milestone in Iraq’s energy diversification strategy. It ensures a reliable gas supply with a clear contingency plan for any potential supply disruptions, and it sets the stage for future developments in Iraq’s energy sector. This arrangement not only addresses immediate energy needs but also paves the way for further advancements in local energy production.
Original Source: ina.iq
