Iraq Secures First Floating LNG Import Platform Deal with U.S. Firm

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Iraq has secured its first floating LNG import platform deal with U.S. firm Excelerate Energy, aiming to strengthen its gas supply and energy security.

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Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
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90%

Article Context

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Iraq signed on Tuesday a contract with U.S. company Excelerate Energy for the country’s first floating gas platform, the office of the Iraqi Prime Minister said, as OPEC’s second-largest oil producer aims to strengthen its gas supply and energy security. As part of the agreement, Excelerate Energy will provide a floating storage regasification unit (FSRU) that will be capable of receiving, storing, or regasifying LNG, two Iraqi energy officials with knowledge of the agreement told Reuters. Iraq, which looks to…

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Original article published by OilPrice.com on October 28, 2025.
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