As the world’s second biggest gas flarer, developing gas capture facilities is a key priority for Iraq’s government. Not just is flaring a major environmental problem, but Iraq is itself desperately short on natural gas for power generation and can’t afford to be sending more than 1bn cfd up in smoke.
Iraq intends to eliminate flaring by 2027 – a date which has been pushed back multiple times – and this year awarded contracts for 800mn cfd of new gas processing capacity. However, none of these projects will be operational until at least 2023. Overall, Iraq intends to add 2.5bn cfd of gas processing capacity by 2027, taking its capacity to 4bn cfd. (CONTINUED - 794 WORDS)