Iraq is sending record gas volumes to its powerplants. Coupled with increased fuel oil burning, this has seen the country’s crude burn fall to the lowest level in over a decade.

Baghdad sent 1.3bn cfd of domestically produced gas to its powerplants in 2018, enabled by a 6% year-on-year rise to 2.92bn cfd in wellhead output. Raw gas output topped 3.16bn cfd in December (MEES, 1 February), and crucially, the proportion of this which was wastefully flared off was reduced.

Nevertheless,...