BASRA REGION, Iraq - TotalEnergies (EPA:TTEF) SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partners have commenced construction of the ArtawiGas25 facility, a significant step in the Gas Growth Integrated Project (GGIP) aimed at harnessing Iraq's natural gas resources and reducing flaring. The project, which involves an investment of approximately $250 million, is set to process 50 million cubic feet of gas per day that was previously flared, supplying power to local plants and meeting the needs of around 200,000 households in the Basra region.
The GGIP, a $10 billion initiative signed in September 2021, is designed to boost the development of Iraq's resources and enhance the country's electricity supply. It includes a large-scale gas processing plant intended to capture flared gas from three oil fields, contributing to a power generation capacity of 1.5 gigawatts.
The ArtawiGas25 unit, expected to be operational by the end of 2025, will significantly cut gas flaring at the Ratawi field ahead of the main gas processing facility's start-up. Its modular design may serve as a model for similar facilities across other Iraqi oil fields. The project will create up to 160 direct and indirect jobs during the construction phase and 30 jobs during its operational phase.
Julien Pouget, Senior Vice President Middle East & North Africa, Exploration & Production at TotalEnergies, expressed satisfaction with the project's launch, highlighting its alignment with the Iraqi government's expectations and the country's energy requirements. He also mentioned the upcoming construction of a 1 GW solar project, marking another milestone for the GGIP.
The GGIP encompasses the recovery of gas currently flared at southern Iraqi oil fields to supply power plants, the redevelopment of the Ratawi oil field, the construction of a 1 GWac solar farm, and a seawater treatment plant. TotalEnergies, a global integrated energy company, is committed to providing energy that is reliable, affordable, and sustainable, with operations in approximately 120 countries.
This news is based on a press release statement from TotalEnergies SE.
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