Germany in Talks with Iraq Over Possible Gas Imports
(Reuters) — Germany is in talks with Iraq over the possibility of importing natural gas from the oil-rich country, Chancellor Olaf Scholz said on Friday, as Berlin scrambles to diversify its energy sources to replace a drop in Russian fossil fuel shipments.
"We also talked about possible gas deliveries to Germany and agreed to stay in close contact," Scholz told journalists in a joint news conference with Iraqi Prime Minister Mohammed Shia al-Sudani in Berlin.
Scholz did not give further details on the volumes of gas Germany hopes to import from Iraq.
Baghdad has offered opportunities to German companies to invest in using Iraq's natural gas and the gas generated as a byproduct from oil production, al-Sudani said, adding that Iraq wants to deliver gas through a pipeline via Turkey to Europe.
Iraq continues to flare some of the gas extracted alongside crude oil because it lacks the facilities to process it into fuel for local consumption or exports.
Germany, which used to get 55% of its gas imports from Russia, has been seeking to diversify its LNG imports to avoid heavy reliance on a few exporters, after deals with Qatar and the United States.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments