US Firm Cleared for Iraq Floating Gas Terminal

By John Lee.

Iraq's Council of Ministers has authorised the Ministry of Electricity to contract Excelerate Energy for the construction of a floating platform to import liquefied natural gas (LNG).

The decision forms part of ongoing efforts to establish a floating LNG import terminal and is based on Cabinet Decision No. 878 of 2025.

In October, the Ministry of Electricity and Excelerate Energy agreed on a floating storage and regasification unit (FSRU) with a capacity of 15 million cubic metres per day. The five-year renewable agreement would supply natural gas to power generation plants, supporting diversification of gas sources to meet national demand.

(Source: PMO)

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