Hayan Abdul Ghani, head of state-run South Gas Co. (SGC), told reporters that Iraq’s gas output is expected to reach 1.3 million cubic feet per day by the end of 2020, an increase of 400 mcf/d from current levels.
“Iraq’s current production of gas is not enough to meet our power stations’ demand and therefore we are still importing gas from Iran. We need at least 24 months to operate new gas projects and start production,” he said.
The United States said last month that Iraq can continue to import natural gas and energy supplies from Iran for a period of 45 days as long as Iraq does not pay Iran in U.S. dollars. Sanctions on Tehran’s oil sector took effect on Nov. 5.