Iraq Secures First Floating LNG Import Platform Deal with U.S. Firm
Market Intelligence Analysis
AI-PoweredIraq has secured its first floating LNG import platform deal with U.S. firm Excelerate Energy, aiming to strengthen its gas supply and energy security.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
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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