Dana Gas Accelerates Delivery of First Gas from Critical Field for Iraq to Q1 2026

After Dana Gas assumed direct control of the KM 250 project in September, which was developed to expand the existing gas facility at Khor Mor in the governorate of Sulaymaniyah within the Kurdistan Region of Iraq, we restructured its execution strategy, resumed construction, and put it firmly back on track for first gas by the first quarter 2026.

This project represents a step-change in our production capacity, adding an additional 250 million standard cubic feet of gas per day, 7, 000 barrels of condensate, and 460 tons of LPG. Once operational, KM250 will significantly enhance Dana Gas’ cash flow and play a vital role in strengthening energy security for the region. Dana Gas, as joint operator on behalf of the Pearl consortium, remains the vital gas supplier in the Kurdistan Region of Iraq, supplying over 75% of the region’s power generation needs.

I am delighted with what the Dana Gas team achieved over the course of my first full year at the helm, as we commemorate 20 years since the company’s founding. It has been a period of change, shifting toward an operational culture defined by decisive action, resilience, and strategic execution, one where we have demonstrated our ability to overcome challenges in the field while delivering sustainable growth and shareholder value. The momentum we have built is setting the stage for even greater achievements, and the full potential of Dana Gas is yet to be unlocked. With a strong asset base and a proven track record in operational efficiency, we are stepping forward with a renewed ambition to confirm our identity as the leading regional and publicly-listed natural gas company.

Our focus is not just on project management efficiency but on impact, ensuring that our company is recognized for our technical expertise, financial discipline, and ability to execute projects that enhance energy security in the countries in which we operate. The foundation is now in place for us to accelerate our progress, expand our capabilities, and generate even greater value for our shareholders and stakeholders.