AGP Executive Report
Last update: 8 hours agoLNG & Iraq’s energy buildout: Excelerate Energy bought the 2010-built LNG carrier Methane Patricia Camila for its first LNG-to-FSRU conversion, with delivery slated for 2027 and commercial availability in early 2028, while the firm also keeps momentum on new LNG import work tied to Iraq’s first terminal. Shipping & Hormuz rules: Iran and Oman are nearing a new Strait of Hormuz traffic arrangement, but Tehran says it’s not a full reopening and warns security isn’t guaranteed—while eight major maritime bodies oppose any mandatory tolls. Iraq export resilience: Syria’s state oil company says an old Iraq-to-Syria pipeline bypassing Hormuz could be restored within three years, targeting up to 1.5–2 million bpd, with U.S. support cited. Regional industry pressure: Iraq’s liquidity strain is worsening as Strait of Hormuz disruptions hit oil revenue, even as Saudi and Iraqi ministers push to prevent cross-border attacks from derailing energy cooperation. Aviation sanctions update: The U.S. delisted Iraqi carrier Fly Baghdad from IRGC-linked sanctions, stressing no policy shift toward Iran.
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