By John Lee. US-based Excelerate Energy has reported its financial results for the first quarter ended 31st March, 2026. Regarding its operations in Iraq, the company said: "In October 2025, Excelerate executed a definitive commercial agreement with a subsidiary of Iraq's Ministry of Electricity for the development of the country's first LNG import terminal. The […]
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 […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has confirmed that the Iraqi government has established a defined timeline to achieve its energy project goals, during a meeting with U.S. Deputy Secretary of Energy James Patrick Danly and his accompanying delegation in Baghdad on Tuesday. The meeting was also attended by U.S. Chargé d'Affaires Joshua […]
By John Lee. Iraq's Council of Ministers has approved direct contracting with Turkiye's Karpowership Group to enhance electricity supply during the high-demand summer period. The contracts will add 650 megawatts through the deployment of power ship. In a parallel move, the Cabinet also approved the launch of a Floating Storage Regasification Unit (FSRU) project for […]
