Gas production at Khor Mor's KM250 expansion is expected to start in Q2 2026.In its results for FY 2024, Dana Gas said:"In September 2024, Pearl Petroleum took over full responsibility for the KM250 expansion project following the termination of the original EPC contractor. Construction resumed fully in December and the project is now scheduled to achieve first gas by Q2 2026. Once operational, KM250 will add processing capacity for an additional 250 MMscf/d of gas, significantly boostingCompany's cashflows and financial performance."Khor Mor facilities currently supply more than 500 mmscf/d of gas to four power stations and enables the generation of approximately 2,800 MW of electricity which constitutes more than 75% of the KRI's power generation. This supply of steady and affordable gas, results in significant fuel cost savings and affordable electricity for millions of Iraqis in the KRI and neighboring governorates, benefiting the whole of Iraq. Once completed, additional gas supplied by the KM250 project to the region's power stations will play a vital role towards further supporting the economic development across the KRI and Iraq." (ICE AMMAN)

Fonte notizia: Stampa Locale