Pearl Petroleum, a consortium led by Dana Gas and Crescent Petroleum, has proposed a $10.2 billion expansion of the Kurdistan Gas Project from 2026 to 2035. The plan aims to more than double natural gas production from 750 million to 1.65 billion cubic feet per day at the Khor Mor and Chamchamal fields. According to a PwC impact assessment, the expansion would displace heavy liquid fuels used for power generation, saving the Kurdistan Regional Government $59.9 billion in fuel costs and preventing approximately 128.9 million tonnes of carbon dioxide emissions over ten years. The project is expected to create 53,000 temporary construction jobs and sustain 193,000 operational roles, with over 90 percent of positions filled by local talent. It builds on the recent $1.1 billion KM250 plant commissioning in October 2025, which increased output by 50 percent. The investment is financed partly by the US International Development Finance Corporation and UAE bank facilities. The gas already fuels more than 80 percent of electricity in the Kurdistan Region, serving over 6.4 million people, and the expansion supports the KRG's goal of 24-hour reliable power.
