Iraq is building over 10GW of new gas-fired capacity, but there may not be enough of the choice fuel despite rising sales gas volumes and imports from Iran.

Iraq is starting up the first of a number of large gas-fired power plants at a time when Iraqi sales gas volumes are at an all-time high and pipeline imports from Iran have begun. Yet the amount of new generating capacity due online means that gas supplies will remain overstretched for the foreseeable future.

Iraq’s peak power...