Iraq finalizes deal to import Turkmenistan gas, boosting power generation by 2000MW
Ministry spokesperson Ahmed Mousa stated that this strategic move aims to compensate for the current shortage in Iranian gas supplies. The agreement will secure 14-15 million cubic meters of gas per day, which is expected to fuel power stations to generate over 2,000 megawatts (MW) of additional electricity.
Mousa explained that the ministry is now awaiting the Trade Bank of Iraq (TBI) to finalize the financial procedures, such as opening the letter of credit, to begin the purchase.
He noted that while power plants are currently stable after recent maintenance, a full and stable gas supply is crucial for operating at optimal efficiency, as using alternative fuels reduces output. This deal is a key part of the Iraqi government's strategy to diversify its energy sources and enhance the stability of the national power grid.
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