Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Iraq could generate over 3.5 GW by capturing 40% of flared gas, GE executive says
Oil & Gas 360 Publishers Note: If Iraq were able to capture the 30% to 40% discussed in this article, the country would save billions of dollars, and countless lbs of Co2 pollution. As we say on the 360 Digital Closing Bell when covering stories about waste or bad management – “What’s a few billion between friends”.
Dubai — Iraq, the world’s second-worst gas flarer, could generate over 3.5 GW of power by capturing 40% of associated gas that is currently burned, a GE executive said Sept. 20.
“In Iraq, if we capture 30% to 40% of the gas flaring that is being done, we can deliver over 3.5 GW of power that otherwise wouldn’t be there with the resources available in the country,” Joe Anis, CEO for the Middle East, North Africa & South Asia at GE Gas Power, told the Powering Iraq virtual conference.

OPEC’s second largest oil producer burned some 18 Bcm (632 Bcf) of gas in 2019, the most of any country except Russia, according to a World Bank study published July 21. Flaring deprives countries of the economic benefits that would come if the gas associated with pumping oil was processed and sold to market, rather than burned into the air.
Iraq imports Iranian gas and electricity to feed its power needs, but it is under increasing US pressure to lower its dependence on Tehran’s energy supplies, which have been under US sanctions since 2018.
Iraq is currently receiving US waivers to import Iranian gas and electricity, but the US has said they are temporary.
“Iraq has a huge amount of natural gas resources and these natural gas resources can help to power the entire of Iraq and can help to flourish the many industries which will be very helpful for the economic growth of Iraqi economy,” he said. “For this, what we need is investments and for investments we need reforms.”
Iraq faces a host of problems to boost its power supply. Gas is currently produced with crude, which is subject to OPEC+ quotas. Iraq has struggled to adhere to its OPEC+ production limits, especially in summer months when power shortages are most acute as temperatures can soar to over 50 C in the south.
Power demand in Iraq is growing as much as 9% per year, requiring the annual addition of around 1.5 GW of electricity, according to Harry Istepanian, an independent water and power expert.
Iraq’s power sector also is grappling with transmission losses estimated at between 40% to 60%, according to speakers at Powering Iraq.
“A 5% reduction in (transmission) losses will save around $40 billion a year for the Iraqi government,” Hanafy said.
https://www.oilandgas360.com/iraq-could-generate-over-3-5-gw-by-capturing-40-of-flared-gas-ge-executive-says/
Dubai — Iraq, the world’s second-worst gas flarer, could generate over 3.5 GW of power by capturing 40% of associated gas that is currently burned, a GE executive said Sept. 20.
“In Iraq, if we capture 30% to 40% of the gas flaring that is being done, we can deliver over 3.5 GW of power that otherwise wouldn’t be there with the resources available in the country,” Joe Anis, CEO for the Middle East, North Africa & South Asia at GE Gas Power, told the Powering Iraq virtual conference.

- Iraq’s flared gas is second-worst globally after Russia
- Country imports Iranian gas, electricity to address power shortage
- US is increasing pressure on Iraq to lower energy dependence on Iran
OPEC’s second largest oil producer burned some 18 Bcm (632 Bcf) of gas in 2019, the most of any country except Russia, according to a World Bank study published July 21. Flaring deprives countries of the economic benefits that would come if the gas associated with pumping oil was processed and sold to market, rather than burned into the air.
Iraq imports Iranian gas and electricity to feed its power needs, but it is under increasing US pressure to lower its dependence on Tehran’s energy supplies, which have been under US sanctions since 2018.
Iraq is currently receiving US waivers to import Iranian gas and electricity, but the US has said they are temporary.
Investment reforms
Iraq needs to implement reforms to attract investments needed to utilize its gas resources, Fatih Birol, the executive director of the International Energy Agency, told Powering Iraq.“Iraq has a huge amount of natural gas resources and these natural gas resources can help to power the entire of Iraq and can help to flourish the many industries which will be very helpful for the economic growth of Iraqi economy,” he said. “For this, what we need is investments and for investments we need reforms.”
Iraq faces a host of problems to boost its power supply. Gas is currently produced with crude, which is subject to OPEC+ quotas. Iraq has struggled to adhere to its OPEC+ production limits, especially in summer months when power shortages are most acute as temperatures can soar to over 50 C in the south.
Saving billions
Iraq, which currently produces around 18 GW of electricity, needs some 30 GW in 2020, according to Mahmoud Hanafy, senior vice president for transmission at Siemens Energy. Siemens in 2018 signed a memorandum of understanding with the ministry of electricity outlining a roadmap to add 11 GW of power generation capacity over four years.Power demand in Iraq is growing as much as 9% per year, requiring the annual addition of around 1.5 GW of electricity, according to Harry Istepanian, an independent water and power expert.
Iraq’s power sector also is grappling with transmission losses estimated at between 40% to 60%, according to speakers at Powering Iraq.
“A 5% reduction in (transmission) losses will save around $40 billion a year for the Iraqi government,” Hanafy said.
https://www.oilandgas360.com/iraq-could-generate-over-3-5-gw-by-capturing-40-of-flared-gas-ge-executive-says/
GirlBye- VIP Member
- Posts : 1481
Join date : 2018-07-09
Location : So Cal
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» The exchange rate of the dollar against the Iraqi dinar in the local markets today
» Judy Update claiming -- Wed. 27 Jan. was the date of the Global Currency Reset, at which time the general public Tier 5 would be able to exchanging foreign currencies at their new international rates.
» NICK FLEMING UPDATE, filled with dragons and lies
» COFFEE WITH MARKZ - Video and Transcript -- Jan-25 2021
» MarkZ claims -- I am not hearing any change on rates…could those high rates be reflective of the weakening of the US dollar? Yes- that is a possibility.
» Pimpy says it could be 3 more years before the IQD RV
» MilitiaMan says -- they are ceasing the Multi Currency Practices... 0 cash sales. A key indicator change is coming.
» Al-Halbousi and the Emir of Kuwait discuss activating the joint governmental and parliamentary committees between the two countries
» The International Development Bank announces its joining the "Bani" platform
» Source: The IMF knows very well that the Minister of Finance has lost the confidence of the people and will not loan it again
» Kuwait and Iraq hold talks on regional and international developments
» New statement by the Minister of Planning on the exchange rate and the agreement with China and the Port of Fao
» Footforward says -- Trump and Kushner have fixed things so that the RV can happen...
» Jeff says -- they are going to increase the value of their currency at the beginning of a new budget period.
» RayRen98 says == US banks and call centers are "on location" this morning being told to look for "activity" between this afternoon and Sunday evening..
» Bruce says -- Iraq is going to be the strongest currency and the strongest financial nation in the middle east and not too long from now...
» FLEMING UPDATE, 23 JAN
» THE BIG CALL HIGHLIGHTS, 23 JAN
» TNT WEEKEND UPDATE 1-23-21 SATURDAY
» Bruce and Jeff -- January through March was the season for the rate change.
» Currency 365 -- "Breitling and Bob" Dinar - Tax Update
» KTFA CHAT, 24 JAN
» Judy Note: There has been no new Intel on the GCR release since last Fri.
» KTFA: MILITIAMAN UPDATE , 24 JAN
» Explanation of the Zim VIDEO
» TNT stating that - It was reported that some banks had several cars in the parking lot this morning as early as 7:00 AM.
» Iraq needs to restructure its economy according to the global context
» A clear pledge by the parliament regarding deductions and salaries of employees in the budget before it is approved soon
» A leader with victory comments on Al-Abadi's concerns about the Biden period: 5 solutions for Iraq - urgent
» For the first time, Syria is offering a banknote of the 5000 denomination for circulation
» Al-Araji discusses with the US ambassador continuing cooperation in combating terrorism
» After Biden’s inauguration, the Iraqi Front marks a "major challenge" facing the Al-Kazemi government
» A high-ranking delegation from the Kurdistan Regional Government arrives in Baghdad
» Al-Halbousi arrives in Kuwait on an official visit
» The Finance Committee hosts the Secretary General of the Council of Ministers to discuss the draft budget bill
» Mazhar Saleh explains through the obelisk the opportunities available for printing the Iraqi currency and its consequences for the standard of living
» The Central Bank announces the establishment of a course on combating money laundering and terrorist financing for a period of 1/28/21/2021
» Bloomberg: Iraq is in talks with the International Monetary Fund to obtain a $ 6 billion loan
» Al-Abadi: We handed over to Abdul Mahdi a surplus of $ 14 billion