Iran To Begin Exporting Natural Gas To Iraq Next Week

Iran To Begin Exporting Natural Gas To Iraq Next Week

The Iranian government has announced that the export of natural gas to Iraq will begin next week through a pipeline that stretches across the border, and according to terms agreed regarding gas transit between the two countries, the Iranian Tansim News Agency reported on Saturday (January 21).

The pipeline is set to begin exporting Iranian gas to Iraq next Tuesday (January 24) during a ceremony that will include the participation of Iranian Ministry of Oil Bijan Namdar Zangeneh, according to the news agency.

Iran and Iraq decided on a plan for developing a pipeline to carry 40 mcm of gas to Iraq in September 2015. The plan was delayed over security concerns resulting from the war the Islamic State (ISIS) group has waged in Iraq.

The Iraqi government needs the gas to operate three electricity generating stations in Basra.

Iran is producing about 700 million cubic meters per day (mcm/d) of gas, while the country has planned to increase this volume to 1,300 mcm/d by 2020.