Iraq gas import plan hinges on end of US-Iran conflict

AI Summary

Iraq’s planned $450 million gas-import agreement with US-based Excelerate Energy has been disrupted by the US-Iran conflict and depends on the conflict ending. The contract was expected to begin in the second half of 2026 with offshore regasification infrastructure serving Iraq’s power facilities.

Iraq’s deal with the US-based Excelerate Energy company to supply imported gas to its fuel-thirsty power facilities hinges on the end of the US-Iran conflict, experts say. The war has already disrupted the $450-million contract which had been due to be enforced in the second half of 2026 with the installation of an offshore regasification ...