US-based Excelerate Energy has signed a deal with a subsidiary of Iraq’s Ministry of Electricity to develop the country’s first floating liquefied natural gas import terminal at the Port of Khor Al Zubair.
The integrated project includes a five-year agreement for regasification services and LNG supply with extension options, and a minimum contracted offtake of 250 million standard cubic feet per day (MMscf/day).
The signing was attended by Exceleratex President and CEO Steven Kobos, US Deputy Secretary of Energy James Danly, Chargé d’Affaires of the US Embassy in Baghdad Joshua Harris, Iraq’s Prime Minister Mohammed Shia’ al-Sudani, and Minister of Electricity Ziyad Ali Fadhil.
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