Iraq eyes importing Iran’s LNG
Baku, Azerbaijan, Nov. 30
By Khalid Kazimov - Trend:
Baghdad has asked Tehran to receive Iran's liquefied natural gas (LNG), an Iranian deputy oil minister said.
Hamid Reza Araqi, the Iranian deputy oil minister, has said that Tehran and Baghdad have already signed two separate contracts for exporting Iran's gas to Iraqi cities of Basra and Baghdad.
Speaking about Baghdad's request to receive LNG he said in addition to the two pipelines it is also possible to export Iran's LNG to Iraq via the shipping lines.
He added that exporting Iran's gas to Iraq will be kicked off as of March 2016.
The required facility and pipeline for exporting gas to Iraq has been constructed in Iran, he added.
According to him in the first phase Iran will export seven million cubic meters (mcm/d) of gas per day and in the second phase it will reach 13 mcm/d, however the amount can be increased to 25mcm/d.
Iran and Iraq signed a contract in 2013 for delivery of 25 mcm/d (9.125 bcm.y) to serve three power stations in Baghdad, while two countries signed a 6-year agreement on November 11, aimed at exporting a further 35 mcm/d (12.8 bcm/y) to the southern Iraqi city of Basra.