Michele Kearney's Nuclear Wire - Major Energy and Environmental News and Commentary affecting the Nuclear Industry. Nuclear Activities
Tuesday, October 19, 2010
After Oil Deals, Iraq Turns Its Attention to Natural Gas Matt Stone
On Oct. 20, Iraq will embark on the next phase of development of its hydrocarbon sector by auctioning rights to three natural gas fields to private investors. For Baghdad, the success of this bid round, the third in the last two years, will go some way toward determining its ability to address Iraqi citizens' concerns over power shortages. For outsiders, including many in European capitals and Washington, the comprehensive development of the Iraqi gas sector offers hope that in the medium term, Iraqi gas could begin to compete directly with Russian gas in the European market.
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