Shell deal: flare gas for power stations
Shell strikes deal to use waste gas for power generation in Iraq
A new deal signed by Shell could see billions of dollars of Iraqi waste gas turned into feedstock for power plants.
The waste gas, which is flared, is estimated in value at $17bn over the next 25 years, and Shell plans to construct infrastructure to capture this gas and use it for power generation in a move the firm’s chief executive Peter Voser calls: “a new chapter in the gas industry in Iraq.”
The project will be run through a new joint venture business, Basra Gas, which will be 51 per cent owned by the Iraqi government, 44 per cent by Shell and Mitsubishi with five per cent.