Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Electric Power | Natural Gas

GE ready for talks with Iraq to generate power from capturing flared gas: executive

Commodities | Agriculture | Grains | Energy | Electric Power | LNG | Natural Gas | Oil | Crude Oil | Metals | Coronavirus

Market Movers Americas, June 29-July 3: Rig count rises, but pandemic continues to pressure US commodities

LNG | Natural Gas | NGL

Platts LNG Alert

Energy | Electric Power | Electric Power Risk

Nodal Trader Conference, 13th Annual

Natural Gas

Italy regulator grants TAP AG more time for first gas delivery, company confirms Q4 deadline

GE ready for talks with Iraq to generate power from capturing flared gas: executive


GE says capturing up to 40% of flared gas can generate 3.3 GW

GE also interested in any renewables projects in Iraq

Iraq imports Iranian gas, electricity despite US pressure

Dubai — GE is ready to engage in talks with Iraq to help OPEC's second-largest oil producer generate power from associated gas that is currently being flared and also to participate in any renewable energy plans, a company executive said on June 22.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Capturing 30% to 40% of current flared gas can generate as much as 3.3 GW of electricity, Joe Anis, CEO of Middle East, North Africa and South Asia at GE Gas Power told the virtual Iraq finance forum. The company is also interested in any renewable projects that Iraq could undertake, he said.

"I think it's a huge opportunity and I think it is something we are keen to continue our engagement and discussions and dialogue with stakeholders in the government," said Anis. "But it is certainly a way to ensure additional power generation that can be provided with a resource that is readily available."

Iraq plans to boost its electricity capacity by September and restart a 755 MW solar tender, an electricity ministry spokesman said on June 18, as the oil producer comes under increased US pressure to wean itself off Iranian electricity and gas imports.

Energy waivers

Iraq plans to add 635 MW by September, Ahmad al-Abadi told the state-run Iraqi News Agency. Iraq currently produces 16.77 GW of electricity, according to the electricity ministry's website.

The country first launched the solar tender process in May 2019, but its first solar round was later put on hold.

Iraq is under heavy pressure from the US to lower its dependence on Iranian gas and electricity and has tried to take steps to meet this request. Iraq plans to capture and treat some 1.2 Bcf/day that is currently mostly flared and also produce dry gas from other fields, Hamed Younis, deputy oil minister, told S&P Global Platts on June 9.

The US on May 7 extended Iraq's sanctions waiver for 120 days to import Iranian electricity, as the US administration seeks to boost the new Iraqi prime minister appointed that month and provide some stability to the politically fractured nation.

The US, which has sought to squeeze Iran by imposing sanctions on its energy exports in 2018, has granted Iraq a series of waivers enabling it to maintain electricity imports from its neighbor. Power outages in the hot summer months, where air conditioning demand is high particularly in the south where temperatures can soar to 50 C, has led in the past to protests.