Iraqi Domestic Gas Pricing: Is Reform Needed?
By- Ali Merza*
According to Iraq’s Integrated National Energy Strategy (INES), published last year, which projects total energy investment of $540bn (in 2011 dollars) in 2013-30, $95bn, or 18%, is earmarked for natural gas investment.
This is intended to increase production, primarily to meet growing domestic demand. In its projection of gas supply/demand balance for 2013-30, INES does not include an equilibrium...