By John Lee.
Iraq's Minister of Electricity, Eng. Ziyad Ali Fadel, met with a senior delegation from U.S.-based Excelerate Energy to discuss plans for importing and processing liquefied natural gas (LNG) through a floating platform at Khor al-Zubair in preparation for summer 2026.
The Government of Iraq issued an Award Letter to Texas-based company last week to develop an integrated floating liquefied natural gas (LNG) import terminal, intended to strengthen Iraq's energy security, support domestic power generation, and diversify supply away from unreliable sources.
During the meeting with Oliver Simpson, Executive Vice President and Chief Commercial Officer of Excelerate, discussions focused on implementation details and timelines. The company committed to supplying gas before summer 2026 - a key step in securing Iraq's power generation fuel during peak demand periods.
The Minister instructed the preparation of a formal letter to the Prime Minister's Office to form a high-level committee including representatives from the Ministries of Electricity, Oil, and Transport to finalise the contract draft.
The Cabinet recently authorised the Ministry of Electricity to sign the gas supply agreement with Excelerate Energy to ensure stable electricity generation and improved energy security.
(Source: Ministry of Electricity)
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