EU & Iraq pact will not boost energy supplies

The EU has said that the Strategic Energy Partnership, signed this week (January 18), will provide a political framework to reinforce energy relations between the EU and Iraq, becoming an 'energy bridge' between Europe, the Middle East and the Mediterranean.
The EU says it has taken into account that Iraq has the third largest proven petroleum reserves in the world. However, Iraq is ranked 15th in the world for total oil production, according to the latest data from the US Energy Information
More on Gas/LNG
Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
Natural gas/LNG house of the year: ENGIE
Energy Risk Awards 2025: Energy firm signs a string of innovative deals in established and fledgling gas markets
Natural gas/LNG house of the year: ENGIE
ENGIE continues to expand its services to better serve firms in Apac dealing with the challenges of energy risk management and supply
Market shrugs off EC’s plan to change gas benchmark
Dutch TTF prices unmoved, as market participants say they are “not taking it seriously”
Natural gas/LNG house of the year: Engie
Energy Risk Awards 2021: In a volatile market Engie continued to grow its gas and asset management businesses
Dynamic gas models make for better hedges
Study highlights dwindling role of weather in market
Short term, LNG view
Excitement over fast-growing LNG markets shouldn't blind us to the potential risks