# [WARNING] Dana Gas halts Iraq Khor Mor field on security threats

*Thursday, July 16, 2026 at 1:05 PM UTC — Hamer Intelligence Services Desk*

**Detected**: 2026-07-16T13:05:26.415Z (2h ago)
**Tags**: MARKET, energy, MENA, natural gas, geopolitics, Iraq
**Sources**: OSINT
**Permalink**: https://hamerintel.com/data/alerts/14780.md
**Source**: https://hamerintel.com/summaries

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**Summary**: Dana Gas has suspended all operations at the Khor Mor gas field in Iraqi Kurdistan due to credible security threats, with the KRG Electricity Ministry reporting a 2,500 MW drop in power generation. This implies a sharp curtailment of associated gas supply to local power and LPG/condensate output, tightening regional gas and liquids balances and modestly lifting risk premium across MENA energy assets.

## Detail

Dana Gas has announced the suspension of all operations at the Khor Mor gas field in Sulaymaniyah, Iraqi Kurdistan, citing credible security threats and escalating regional tensions. The Kurdistan Regional Government’s Ministry of Electricity simultaneously reported a 2,500 MW reduction in power generation, strongly indicating that Khor Mor’s gas feed to power plants has been heavily curtailed or fully halted.

Khor Mor is one of the Kurdistan Region’s key non‑associated gas developments. It supplies gas to local power plants and produces condensate and LPG for domestic consumption and some export. Prior reported plateau capacity has been in the 450–500 mmcfd range, with condensate output in the 35–40 kb/d area at full operation. A full shutdown removes a significant portion of Kurdistan’s gas-fired generation fuel, triggering immediate power shortages and potential knock‑on effects for industrial demand.

From a global market perspective, the direct loss of Khor Mor gas is modest versus total world gas output, but the signal effect is material. The shutdown underscores rising security risk to upstream and midstream energy infrastructure across northern Iraq at the same time the Gulf theater is already on edge over Iran‑US tensions and Houthi threats to Bab el‑Mandeb. Markets are likely to respond by increasing the MENA energy risk premium, particularly for regional condensate, LPG, and any crude flows perceived as exposed to similar threats.

Affected assets include European and Mediterranean gas benchmarks (TTF, PSV) via sentiment and optionality value of Iraqi/Kurd gas in future regional supply portfolios, as well as Brent and Dubai crude via higher overall geopolitical risk pricing. Kurdistan-focused E&Ps and Dana Gas equity/credit are directly exposed. Historically, prior Khor Mor shutdowns and Kurdistan pipeline disruptions have triggered short‑term spikes of 1–3% in Brent and regional gas benchmarks, which then partially retraced as clarity on duration emerged. If this outage persists beyond a few days or is accompanied by further attacks in northern Iraq, the impact could become more structural, raising the perceived risk profile and cost of capital for Kurdistan gas expansion projects.

Base case: near‑term bullish for Brent, Dubai, and regional gas/LPG benchmarks, with impact graded as a risk‑premium event rather than a large volumetric shock.

**AFFECTED ASSETS:** Brent Crude, Dubai Crude, TTF natural gas, Mediterranean LPG prices, Dana Gas equity, Iraqi Kurdistan E&P equities, Iraqi sovereign bonds