Talks are underway between Germany and Iraq over the potential to import liquefied natural gas from the highly oil-rich country, Chancellor Olaf Scholz is quoted as saying. Berlin scrambles to diversify its energy sources in order to replace the decline in Russian fossil-fuel shipments.
We also discussed the possibility of gas and drew up an agreement to remain in close contact, Scholz said, answering journalists’ questions at a news conference alongside Prime Minister Mohammed Shia al-Sudani in the German capital city of Berlin.
Scholz did not provide further information concerning the volume of gas Germany plans to import from Iraq.
Baghdad has provided opportunities for German companies to invest in using Iraq s natural-gas and the gas that is generated as a byproduct from oil production there. al-Sudani said, adding that Iraq wants to develop a pipeline to transport gas through Turkey to Europe.
Iraq still flaring some of the natural gas it possesses alongside crude oil because it lacks the necessary processing amenities and infrastructure to turn it into fuel for local use or exportation.
Germany, which used to can count on 55 percent of its natural gas imports from Russia, has sought to diversify its imports to avoid heavy reliance on a few suppliers, following deals with Qatar and the USA.