HCL CARBON GAS LAW NEXT STEP

[sarasota]

Iraq gas to Europe may take 10 years; After government formation next step is HCL LawPosted: November 14, 2010 by Justhopin in Iraqi Dinar/Politics

Tags: Iraq, HCL, parliament, oil, hydrocarbon law, petro, europe, gas 0Note: This article was published the day prior to parliament convened to elect the three presidencies

Iraqi gas is unlikely to be exported to Europe via the planned Nabucco pipeline before 2020, London-based consultant Jennifer Coolidge said on Tuesday.

European gas companies have been hoping to import gas from Iraq to allow them to diversify their sources of supply but political and logistic difficulties are likely to prevent this happening quickly, Coolidge told a roundtable at the European Autumn Gas Conference.

Iraq needed to form a government, agree to a gas strategy and then synchronize policy with Kurdish authorities in the north.

“It might not be . . . until sometime after 2020 when large exports could be coming out,” Coolidge said.

Iraqi leaders are in talks now to break an eight-month deadlock over the formation of a new government to give incumbent Prime Minister Nouri al-Maliki a second term, but negotiations have been very slow.

European gas companies have been courting the Iraqi Kurdistan government but the central government in Baghdad maintains domestic power supply has to be provided in the war-damaged country before gas can be sent abroad.

Coolidge said once the government had been formed, the next step would be the passing of hydrocarbon legislation. Kurdistan and Baghdad then needed to agree a unified approach to allow small amounts of gas to be shipped out of northern Iraq.

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[Maynard57]

The HCL is already done, to my understanding. Nice article, but any idea on the date?

Regardless, thanks for the contribution.

Maynard

[ds2]

The HCL is already done, to my understanding. Nice article, but any idea on the date?

Regardless, thanks for the contribution.

Maynard

that's what i thought we were told it was done. but with iraq who knows anything for sure.

[quadraph0nic]

Its never done until they say its done....

[jcav]

It's old. But thanks anyway.

[Officer151]

Hey look, another obstacle to overcome. They seem to be endless!