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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq plans to cut off Iranian gas in two years

    Rocky
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    Iraq plans to cut off Iranian gas in two years Empty Iraq plans to cut off Iranian gas in two years

    Post by Rocky Sat Dec 08, 2018 4:34 am

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    Iraq plans to cut off Iranian gas in two years

    A senior Iraqi energy official said his country needs at least two years to boost its gas production in order to stop importing Iranian gas used to operate power plants in Iraq.
    "Iraq's gas production is expected to reach 1.3 billion cubic feet per day by the end of 2020, an increase of 400 million cubic feet per day from current levels," said Hayyan Abdul Ghani, head of the state-run Southern Gas Company.
    Abdul Ghani added: Iraq's current production of gas is not enough to meet the need for power plants, so we are still importing gas from Iran.We need at least 24 months to run new gas projects and start production.
    The United States said last month that Iraq could continue to import natural gas and energy supplies from Iran for 45 days as long as it does not pay Iran in US dollars. The sanctions against the Iranian oil sector took effect on November 5.
    Iraqi officials said Baghdad was seeking to renew and extend the exemption from sanctions, as it needed more time to find an alternative source.
    Abdul Ghani said the expected increase in gas production would come from two new projects, including a $ 367 million deal with General Electric, which was reached in April to process gas associated with the extraction of crude oil in two fields in southern Iraq. The project is expected to start producing 160 million cubic feet per day within two years, he said.
    Iraq is expected to conclude another deal in early 2019 to build the Artawi gas plant in the south, where it is expected to produce about 300 million cubic feet per day of gas by the end of 2019.
    "We are very close to signing the Artawi gas project with a foreign company in the first month of 2019 to increase our gas production. Iraq's long-term development of the gas sector has focused on PJC, a $ 17 billion joint venture between Royal Dutch Shell, South State Gas Company and Mitsubishi.
    Abdul Ghani said that Iraq seeks to get its production of gas to about two billion cubic feet per day by the end of 2023, including 1.43 billion cubic feet per day from the Gas Company of Basra.

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