U.S. Firm Steps Up As Iraq Fast-Tracks New Floating LNG Terminal

Iraq’s plan to begin LNG imports this summer has unraveled, forcing a compressed reset of its floating terminal ambitions. With electricity demand surging and Iranian supply increasingly constrained, the Oil Ministry has relaunched its FSRU tender in a bid to secure regasification capacity in time for summer 2026. U.S.-based Excelerate Energy is now positioned as the most likely supplier, after an earlier agreement with UAE-based Breeze Investment failed to advance. The timing is critical. Baghdad is confronting another peak season without…