Iraq’s Strategic Move Towards Energy Independence Amid Sanctions
The Iraqi government has not yet received notification on the cancellation of its gas import exemption from Iran. Ongoing dialogue with the US is crucial for regional stability. Following the revocation of the waiver by President Trump, Iraq is embarking on a strategic plan to ensure its energy security through diversified imports and renewable energy investments.
On Saturday, the Iraqi government confirmed that it has not received any official notification regarding the cancellation of its exemption for purchasing Iranian gas, a privilege previously granted by former US President Donald Trump. Basim Al-Awadi, a government spokesperson, highlighted the ongoing dialogue between Baghdad and Washington, underscoring the significance of Iraq’s stability for the region.
In early February, President Trump revoked Iraq’s waiver allowing imports of electricity and gas from Iran due to new sanctions imposed on Tehran. Reports indicate that the exemption is expected to expire on March 7, raising concerns about Iraq’s energy security and future planning.
To address these challenges, the Iraqi government has initiated a comprehensive strategy that includes both immediate and long-term energy solutions. Al-Awadi stated that the Ministry of Electricity secured a contract to import gas from Turkmenistan, pending completion of financial and technical steps. Moreover, Iraq is working with the Ministry of Oil to import 600 million cubic feet of gas and is exploring plans for floating LNG platforms in Basra, while also constructing its own pipelines.
Iraq aims not only to meet short-term needs but also to strengthen its energy security through diversified investments. This broader strategy involves developing steam and combined-cycle power plants, along with enhanced investment in renewable energy, including solar power and waste-to-energy projects. Al-Awadi emphasized that these initiatives are crucial for bolstering Iraq’s energy security and ensuring long-term stability in the energy sector.
In conclusion, the Iraqi government is actively addressing its energy needs amidst the termination of the US waiver for Iranian gas imports. By implementing a strategy focused on both immediate and long-term solutions, Iraq is seeking to secure its energy future. The government’s efforts to diversify energy sources, enhance infrastructure, and invest in renewables are pivotal in achieving energy independence and stability in the sector.
Original Source: shafaq.com
