Dana Gas, Crescent: Iraq gas supply within contractual rights

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Dana Gas and Crescent Petroleum, joint operators on behalf of the Pearl Petroleum consortium, expressed surprise at the Kurdistan Regional Government’s (KRG) Aug. 6 statement concerning gas supplies to Iraq’s Ministry of Electricity (MoE).

The companies said the gas sales agreement (GSA) complied fully with Pearl’s exclusive marketing rights, which had been upheld in multiple international legal proceedings. They added that the agreement required no additional authorization or approval from the KRG.

According to the companies, the KRG had known about the agreement since January 2026 and had received a copy. The agreement followed years of discussions and efforts, during which the KRG received regular updates. Its Ministry of Natural Resources was also aware of preparations for gas deliveries.

Pearl rejected allegations that it had breached its contractual obligations, saying it continued to meet its gas supply commitments to the KRG in full. It said the KRG, however, had been materially in arrears on its contractual payments for more than three years.

The companies said the previously announced supplies of 100 million standard cubic feet per day (mmscf/d) to the MoE in Kirkuk came from excess capacity at Khor Mor made available by the KM250 project. These volumes were additional to the 655 mmscf/d supplied to the KRG for power generation, which they said met the Kurdistan Region of Iraq’s (KRI) actual needs and had also supported electricity sales to the MoE for almost a decade.

Pearl said it had invested more than $4 billion since 2007, making it the largest investor in the sector in the Kurdistan Region.