a day ago
Iraq moves forward with floating LNG transfer system
Baghdad ( – Iraq has made an important step toward improving its energy security by announcing the ongoing development of the floating platform project, which would help the country import liquefied gas from different countries.
This measure is part of the government's effort to ensure the country's fuel supply and operate power plants.
The Iraqi government and the Energy Ministerial Council recently issued directions outlining the project's execution procedures, which include inviting specialized businesses, organizing technical and administrative committees, and identifying the necessary infrastructure to handle imported gas.
The Ministry of Oil announced that it finished vital pipelines to support the project, demonstrating the government's commitment to prepare all essential needs before the floating platform goes operational.
These initiatives come at a time when Iraq is suffering tremendous issues with electrical stability.
These steps represent a serious shift toward expanding import channels and diversifying supply sources, guaranteeing considerable flexibility in securing liquefied natural gas (LNG) and achieving stability in the electricity grid following years of reliance on a single source.
A floating platform serves as a link between the LNG carrier and the shore-based receiving or exporting facilities.
According to a recent decision by the Energy Ministerial Council, six foreign corporations were asked to make technical and commercial proposals for this project. The Ministry of Oil established a technical committee to analyze the proposals, in addition to a combined ministerial committee comprised of the Ministries of Oil, Electricity, and Transport.
These committees were tasked with assessing bids and making suitable choices while maintaining the greatest standards of transparency.
These operations demonstrate Iraq's capacity to effectively handle significant energy projects, as finishing pipelines before the floating platform enters the operational phase is critical to the project's success.
