Iraq selects Excelerate Energy for LNG import terminal project
Baghdad (IraqiNews.com) — US-based Excelerate Energy has been selected by the Iraqi government to develop an integrated floating liquefied natural gas (LNG) import terminal, seen as a step toward diversifying the country’s energy supply.
The award, confirmed by Iraq’s Council of Ministers and supported by Prime Minister Mohammed Shia’ al-Sudani, was formally communicated to the company in late September.
Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein met Excelerate President and CEO Steven Kobos on the sidelines of the United Nations General Assembly in New York to congratulate the company on the decision.
A senior U.S. State Department official also attended the meeting, highlighting the project’s strategic importance for Iraq’s energy security.
The proposed floating terminal will enable Iraq to import LNG to support power generation, reduce electricity shortages, and decrease reliance on unstable natural gas supplies.
Officials said the project represents part of Baghdad’s broader plan to stabilize the national grid and diversify fuel sources.
Excelerate said development of the facility will proceed in cooperation with the Iraqi government, though final contracts remain subject to negotiation.
The American company added that once completed, the project will expand Iraq’s energy infrastructure and improve reliability of supply.
Headquartered in The Woodlands, Texas, Excelerate Energy specializes in floating LNG import solutions and operates in multiple international markets.
