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Iraq is looking to build on its recent successes in boosting sales gas production with a number of projects under development. Strong gains over the past 18 months have been driven by improvements in tackling gas flaring. But with some 60% of gross gas still flared, much more work is required.
Increased sales gas volumes can help displace costlier crude and fuel oil from power stations, freeing both up for export. Moreover, the combination of liberating territory from Islamic State and bringing new power stations online (MEES, 21 April) is set to increase power demand. More gas is required just to prevent oil burn from soaring. And as Iraq seeks to develop and diversify its economy industrial gas demand is also set to increase in the coming years. (CONTINUED - 897 WORDS)
DATA INSIDE THIS ARTICLE
|chart||Iraqi Sales Gas Volumes (Mn Cfd) Hit New Records. Despite Gains, Flaring Still At 60%|
|chart||Iraq Crude Burn On Course To Hit 200,000 B/D|