The Iraqi Minister of Electricity disclosed the signing of a new contract to secure Turkmen gas supply, aimed at diversifying Iraq’s energy resources. The agreement ensures 10 million cubic meters of gas in winter and 20 million cubic meters in summer, incorporating compensation clauses for any supply issues. This initiative is key in addressing energy challenges and fostering collaboration between Iraq and Turkmenistan.
On Saturday, Iraqi Minister of Electricity, Ziad Ali Fadhil, announced the signing of a contract to procure Turkmen gas for Iraq, in a ceremony attended by the Minister of Energy from Turkmenistan. This contract aims to enhance Iraq’s energy diversification strategy, backed by Prime Minister Mohammed Shia al-Sudani’s government program. According to Minister Fadhil, the agreement secures a supply of 10 million cubic meters of gas during winter and ramps up to 20 million cubic meters in summer months. He emphasized the importance of activating the agreement through the Trade Bank of Iraq efficiently. Furthermore, he noted that the contract includes a guarantee that if there are any issues with the gas supply, the shortfall will be compensated with the same volume of gas. This initiative is expected to address several existing challenges, with plans to eventually develop local Iraqi energy sources for future reliability. Fadhil specified that this contract will ensure continual operation of power units during summer, resulting in higher production levels. The Turkmen State Minister for Gas Affairs, Maksad Babayev, expressed gratitude towards the Iraqi government for their support and hailed the significance of this contract for strengthening energy collaboration between Iraq and Turkmenistan.
The recent developments regarding Iraq’s energy supply through a contract with Turkmenistan are rooted in the broader context of Iraq’s ongoing efforts to diversify its energy resources. Under the leadership of Prime Minister Mohammed Shia al-Sudani, the Iraqi government has prioritized initiatives that reduce reliance on a singular energy source, which is crucial for ensuring the stability and reliability of electrical power throughout the nation. The involvement of Turkmen gas significantly enhances Iraq’s energy supply framework, particularly in addressing seasonal demands during winter and summer months.
In conclusion, the contract to supply Turkmen gas to Iraq marks a significant advancement in the country’s efforts to diversify its energy resources. With guaranteed volumes of supply and compensatory clauses in place, Iraq aims to mitigate existing energy shortages while developing local sources to enhance its energy resilience. The collaborative relationship with Turkmenistan is poised to play a vital role in stabilizing Iraq’s energy landscape moving forward.
Original Source: ina.iq
