KRG-Focused Firms Continue Production Push
15 Mar, 2019
Oil & Gas
Iraq: Gas Aims Progressing, But Miles Still To Go
22 Feb 2019
Baghdad is desperately trying to end flaring and provide adequate fuel for powergen. But even with Basrah Gas Company continuing its investment push, everything will need to go right if Iraq is to come anywhere near its 3bn cfd 2022 dream.
Iraq’s long delayed gas plans are finally taking form. Sales gas volumes have doubled in the last three years (see chart 1) thanks largely to the Shell-led Basrah Gas Company (BGC), and its announcement last week that it took FID to add another 400mn cfd to its gas processing capacity further is a good sign of things to come (MEES, 15 February).
But BGC’s progress – which will see sales gas output capacity grow by 40% to 1.4bn cfd by end-2021 – also highlights how far away the finish line remains, as well as the achingly slow pace of progress. At more than twice...
Iraq Gas Output (Bn CFD)
