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Kurds face slow going as export plans struggle for lift-off

The Kurdistan Region of Iraq’s gas plans have been scaled back, with lower volumes and more relaxed timelines expected The Kurdistan Region of Iraq’s gas plans have been scaled back, with lower volumes and more relaxed timelines expected.
By James Gavin 16 August 2019 Middle East & Africa / Exploration & Production 0 34494
Drilling at Genel Energy's Miran project in Iraq. (Genel Energy)

Domestic above-ground challenges and a weaker demand outlook for the Turkish market have forced foreign companies to revisit their production and export ambitions for Kurdish gas.

The Kurdistan Regional Government (KRG) had hoped to develop its gas sector with the aim of exporting to Turkey, monetising reserves the KRG estimated at 708 billion cubic metres. This approach was crystallised in the landmark 2013 KRG-Turkey gas agreement, which envisaged exports starting in 2017 at a rate of 4 bcm/y, climbing to 10 bcm/y by 2020 and eventually...