GENERAL

Iraq signs key gas supply deal with Turkmenistan to boost power grid

On Saturday, Iraqi Electricity Minister Ziad Ali Fadel announced the signing of an agreement with Turkmenistan to secure a daily supply of 20 million cubic meters of gas, reported Irag new agencies.

In a statement, Fadel emphasized that this influx of gas will play a remarkable role in enhancing the country’s electricity infrastructure, saying, “This amount of imported gas will contribute to the full operation of our gas-powered plants, ensuring stability for the national grid.”

The gas from Turkmenistan will be transported to Iraq through Iran’s pipeline network, following a swap mechanism in cooperation with Switzerland-based “Loxstone Energy”, Fadel explained.

“The signing of this agreement is the culmination of over a year of intensive technical efforts, which included multiple meetings, reciprocal visits, and the signing of a memorandum of understanding last year,” the minister added.

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