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

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 facility off Iraq’s southern Khor Al-Zubair port.

Iraq has not revealed where it would get the liquefied natural gas (LNG) probably because the Texas-based company is responsible for importing LNG in line with the contract it signed with the Iraqi electricity ministry in late 2025.

“I think Qatar is the likeliest candidate to supply LNG to Iraq given its location, large production and good relations with Iraq…but you cannot expect a supply agreement in the current circumstances,” Iraq energy analyst Walid Khaddouri said.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →