Wedoany.com Report-Oct 21,Turkmenistan’s gas supply to Iraq would vary seasonally. Credit: TinoFotografie/Shutterstock.
Iraq has inked a gas supply agreement with Turkmenistan, securing 20 million cubic metres (mcm/d) per day of gas to enhance its electricity facilities.
The agreement was finalised in Baghdad, with Iraq’s Electricity Minister Ziad Fadil and Turkmenistan’s State Minister and chairman of Turkmengas, Maksat Babayev, signing the deal.
The new gas supply arrangement is particularly significant for Iraq, an oil-rich nation that has faced intermittent gas supply disruptions from Iran due to outstanding debts and US sanctions complicating payment processes.
Iraq’s Electricity Minister, Ziad Fadil, said: “The gas to be imported from Turkmenistan will be used to operate our power stations and consolidate the national electricity network.”
The agreement was finalised after detailed negotiations related to the tariff price, gas volumes, supply methods and contract duration.