Iraq’s Energy Strategy Amid Sanctions and Regional Challenges

The Iraqi government has confirmed the lack of official notice regarding the cancellation of its waiver to import Iranian gas. Continuous dialogue with the U.S. is emphasized as vital for stability. Iraq is pursuing strategies for energy independence, including gas imports from Turkmenistan, investment in LNG platforms, and renewable energy initiatives.

On Saturday, the Iraqi government made it clear that it had not yet received any official notification regarding the cancellation of its exemption to purchase Iranian gas, a waiver previously granted by former U.S. President Donald Trump. Government spokesperson Basim Al-Awadi noted that continuous dialogue between Baghdad and Washington is crucial, emphasizing the importance of Iraq’s stability for regional peace.

In early February 2023, President Trump rescinded Iraq’s waiver for importing electricity and gas from Iran as part of intensified sanctions against Tehran. Reports indicated that the exemption was due to expire on March 7, raising alarms about Iraq’s energy security and future energy planning strategies.

In response to these challenges, the Iraqi government has initiated a comprehensive strategy aimed at both immediate and long-term energy solutions. Basim Al-Awadi disclosed that the Ministry of Electricity secured a contract to import gas from Turkmenistan, contingent upon the completion of the necessary financial and technical procedures. The Iraqi administration is also collaborating with the Ministry of Oil to import 600 million cubic feet of gas and investigating the installation of floating LNG platforms in Basra.

Furthermore, Iraq’s strategy is also focused on enhancing energy security via diversified investments. Plans to develop steam and combined-cycle power plants, as well as expanding investments in renewable energy sources, including solar power and waste-to-energy projects, are underway. Al-Awadi indicated that these initiatives are vital for bolstering Iraq’s energy security and ensuring sustained stability in the energy sector.

In conclusion, Iraq is navigating the complexities of post-waiver energy dynamics while prioritizing its energy security and independence. The government’s proactive strategies, including partnerships with Turkmenistan, local pipeline construction, and investments in renewable energy, are essential for securing its energy needs and regional stability.

Original Source: shafaq.com