Iraq has moved forward with its floating platform project for liquefied gas imports. The Oil Ministry confirmed that two companies remain in the race. This project carries great importance because Iraq wants stronger power security and more diverse gas supplies.
At first, six firms received invitations to submit proposals. Specialized technical teams carefully reviewed each submission. As a result, only two companies reached the final stage. Meanwhile, one bidder left the competition. That company made a revised offer that failed to meet the Electricity Ministry’s standards. Its plan fell short of the required 500 million standard cubic feet per day. Furthermore, it suggested running two separate regasification and storage platforms. The Iraqi Ports Company rejected that idea outright.
Now Iraq is focusing on the two shortlisted firms. The floating platform project in Iraq could play a key role in electricity generation. By using liquefied gas, the country can support its national grid. Moreover, Iraq hopes this will reduce pressure on existing power plants. The project could also limit the need for costly emergency fuel imports.
In addition, this initiative highlights Iraq’s drive for energy security. The government wants more than one source of natural gas. For years, the country has relied on imports from regional neighbors. That dependence created risks during times of shortage or political tension. With the floating platform project in Iraq, officials believe those risks will ease.
Furthermore, the Oil Ministry stressed that the project aligns with Iraq’s long-term energy strategy. Leaders aim to use international expertise while protecting national interests. Iraq also wants to attract foreign investment and technical knowledge. By doing so, it can build stronger infrastructure for the future.
The floating platform project in Iraq will also support economic stability. Reliable electricity makes industry stronger and daily life easier. When power supply improves, businesses can grow. At the same time, homes and communities can enjoy better services.
In conclusion, Iraq is entering a new phase in its energy plans. The two selected companies now stand ready to push the project ahead. Success will mean cleaner gas, steady power, and less dependence on imports. The floating platform project in Iraq looks set to become a turning point.