Iraq seeks alternatives to Iranian gas
The country is facing energy shortfalls this summer amid reduced Iranian gas imports and difficulties leasing an FSRU
Anxiety levels in Baghdad are rising ahead of the peak summer demand period, when temperatures regularly exceed 50C. Keeping the lights on is proving a struggle, with Iranian gas imports shrinking as a result of the Islamic Republic’s need to keep more of its own gas for domestic use, while Iranian electricity imports have been hit by a US-imposed ban on payments for Iranian electricity imports. Current electricity generation capacity is running at 27–28 GW, well below peak summer demand in excess of 50GW. Iraqi officials were stung into action by US President Donald Trump administration’s ending in March of the waiver that allowed Iran to supply its neighbour with electricity. “Even i
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
