The Iraqi Ministry of Electricity has reported a significant reduction in gas supplies from Iran, leading to a loss of approximately 15% of the country's electricity generation capacity. This decline is attributed to increased domestic demand and maintenance activities in Iran. The shortage has resulted in the shutdown of several gas-fired power plants, causing widespread power outages across Iraq.
In response to these challenges, Iraq is actively exploring alternative sources of natural gas. The government has initiated discussions with Turkmenistan to establish a gas swap agreement, where Turkmenistan would supply gas to Iran, which in turn would provide an equivalent amount to Iraq. This arrangement aims to mitigate the impact of reduced Iranian gas supplies on Iraq's energy sector.
Additionally, Iraq is considering the construction of a floating liquefied natural gas (LNG) terminal to diversify its energy imports. This terminal would facilitate the receipt of LNG shipments from countries such as Qatar and Oman, further reducing Iraq's dependence on Iranian gas. The project is currently in the planning stages, with operational timelines yet to be finalized.
These efforts underscore Iraq's commitment to enhancing its energy security and ensuring a stable electricity supply for its population, despite the ongoing challenges in securing consistent gas imports from neighboring Iran.