Iraq’s natural gas production poised for significant surge by 2050

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Iraq's natural gas production poised for significant surge by 2050

Iraq is supposed to observe a significant expansion in petroleum gas creation continuously 2050, as evaluations from the Gas Trading Nations Gathering (GECF) show.

Gas creation has multiplied in Iraq to 15 billion cubic meters in 2022, from 5 billion cubic meters kept in 2013, as per a GECF report.

Iraq’s essential endeavors to increase its gaseous petrol creation line up with its expects to invigorate the power area, which vigorously depends on this energy hotspot for power age.

The report further shows that the expected creation flood will essentially begin from related gas extricated during oil creation, keeping up with its situation as Iraq’s essential wellspring of petroleum gas and representing 60% of the nation’s extended creation by 2050.

Key extraction destinations adding to this development incorporate the oil fields of West Qurna 2, Majnoon, Artawi, Tuba, and Luhais, all piece of a venture understanding endorsed by Iraq with TotalEnergies last year. The task’s creation limit is supposed to arrive at a significant 6.7 billion cubic meters yearly upon finish.

Remarkably, Iraq positioned as the world’s third-biggest gas-erupting country by the finish of 2022, following Russia and Iran, with an expected almost 18 billion cubic meters erupted every year.