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Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
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The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
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Iraq Iran US Chevron
Clare Dunkley
1 September 2020
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Kadhimi woos Washington

The new Iraqi premier is leveraging the US administration’s loathing for Iran to secure energy investments

Iraqi prime minister Mustafa Kadhimi's first official trip to the US in late August, just months into the job, was followed by the announcement of a slew of gas and power-focussed deals with American energy companies. The White House described them as being designed to enable "rapid progress towards energy independence from Iran". Yet the details of the deals—or lack thereof—suggest Iran has little immediate cause to fear losing either the cash or political influence it gains from its arrangement. The five US agreements’ stated value of “up to $8bn” covers a broad range—and only one had a specific value attached. The key accord, in terms of the core US aim of increasing Iraqi gas production,

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