Iran starts much-awaited gas exports to Iraq
Iran says it has started a much-awaited project to export natural gas to its western neighbor – Iraq.
The National Iranian Gas Company (NIGC) announced that exports of around 7 million cubic meters per day (bcm/d) to Iraq’s capital Baghdad had started from the late hours of Wednesday, June 21.
NIGC Director for International Affairs Hamid-Reza Babazadeh told media that this would proceed on a trial basis.
Babazadeh added that the exports would increase to as high as 35 mcm/d in the near future.
Gas exports to Iraq - which are meant to address the country’s acute electricity shortfalls - started after two years of negotiations between Tehran and Baghdad. This was seen by the media as a sign that both sides had overcome disputes over the financial terms of the project – what was so far preventing the project.
Iran and Iraq initially signed an agreement in 2013 based on which the Islamic Republic would export natural gas to power stations around Baghdad through a 270-kilometer pipeline.
Although the related pipeline for the project was constructed, the gas did not flow toward Baghdad in what officials said was a result of disputes over certain financial terms as well as the insecurity in Iraq.
Iran has also signed another contract to export around 50 mcm/d of gas to Iraq’s southern port city of Basra.
Once the Basra pipe is made operational, Iraq’s total gas imports from Iran would reach around 80 mcm/d.
Iran’s biggest gas importer currently is Turkey which is importing around 30 mcm/d under a deal that the two countries signed in 1996.
Iran’s gasoline use up 7.4% y/y in Apr-Nov: NIOPDC
Iran relies on natural gas for nearly 90% of its power production: Expert
Iran starts imposing restrictions on gas supply to industries
UK police detain Jewish scholar Haim Bresheeth following pro-Palestine address
VIDEO | Iraqi resistance strikes key Israeli targets in occupied territories
VIDEO | Press TV's news headlines
Iranian satellites launched into space as private sector debuts in space industry
VIDEO | Iran, Azerbaijan conduct joint maritime rescue operations
VIDEO | Yemen’s Red Sea divide: Naval forces block Israeli-linked ships in strategic ‘parting of the water’
VIDEO | Southern Gaza: Israel’s facade for famine and suffering
VIDEO | IOF hampering humanitarian aid
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
