Iraq is looking to buy cargoes of liquefied natural gas for the first time as it faces uncertainty over supply from Iran, raising the prospect of electricity shortages.
The country is in broad talks with companies to secure a specialized vessel to use as a floating LNG import terminal, according to people familiar with the matter, who asked not to be named because the discussions were confidential. It includes a plan with a UAE-based firm to bring in both LNG supply and floating terminal, Hamza Abdul Baqi, director general of Iraq’s South Gas Co, said in an interview.