{"id":81779,"date":"2024-10-21T00:00:00","date_gmt":"2024-10-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/21\/iraq-and-turkmenistan-ink-gas-supply-agreement\/"},"modified":"2024-10-21T00:00:00","modified_gmt":"2024-10-21T00:00:00","slug":"iraq-and-turkmenistan-ink-gas-supply-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/21\/iraq-and-turkmenistan-ink-gas-supply-agreement\/","title":{"rendered":"Iraq and Turkmenistan ink gas supply agreement"},"content":{"rendered":"

<\/strong>Iraq + Turkmenistan ink gas supply agreement:<\/strong> Iraq\u2019s Electricity Ministry has inked an agreement with Turkmenistan to import up to 20 mn cubic meters of gas per day to supply Iraq\u2019s power stations, according to a statement<\/a> released on Saturday. The financial details of the agreements have not been disclosed.<\/p>\n

The details: <\/strong>Turkmenistan is set to supply Iraq with 20 mn cubic meters of gas annually during summer season and 10 mn cubic meters during winter, Electricity Minister Ziad Fadil told <\/span>INA<\/a>. The gas from Turkmenistan will be imported to Iraq through Iranian pipeline networks using the SWAP mechanism in cooperation with Switzerland-based Loxstone Energy. The imported gas is set to provide 3k MW to Iraq.<\/span><\/p>\n

We\u2019ve been expecting this:<\/strong> Iraq inked an agreement with Turkmenistan national gas company T\u00fcrkmengaz earlier this month<\/a> to implement a prepayment system for importing gas via Iran. Supplier Loxstone Energy will facilitate the transaction through a swap mechanism under a contract with the Iraqi government, which will be exempt from standard public contract procedures and federal budget regulations for the next three years.<\/p>\n

This has been a long time coming: <\/strong>Iraq inked an agreement with Turkmenistan last year<\/a> to supply gas to meet the needs of production and electrical stations. This followed meetings between Iraqi ministries and representatives from Turkmenistan\u2019s gas sector back in August<\/a>, where they reached a preliminary gas import agreement to fuel the electric power plants. The turn to Turkmenistan for gas supply also comes as Iraq tries to move away<\/a> from Iran to a country that has no imposed sanctions or supply issues.<\/p>\n","protected":false},"excerpt":{"rendered":"

Turkmenistan is set to supply Iraq with 20 mn cubic meters of gas annually during summer season and 10 mn cubic meters during winter<\/p>\n","protected":false},"author":1,"featured_media":81780,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41],"tags":[35,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-81779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-iraq","tag-trade","wpautop","entry"],"acf":{"mongo_id":"81c5a046-1352-4f84-9ec3-968c77336fa6","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1749.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Iraq and Turkmenistan ink gas supply agreement","related_issue":[81772],"teaser":"Turkmenistan is set to supply Iraq with 20 mn cubic meters of gas annually during summer season and 10 mn cubic meters during winter","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.bd6ad946-5c90-4911-a1a6-081db19308fe.mp3"},"yoast_head":"\nIraq and Turkmenistan ink gas supply agreement - 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