Qatargas and Kuwait Petroleum Sign LNG Deal

qatargas

Qatargas and Kuwait Petroleum Corporation (KPC) have signed an agreement for the supply of half a million tonnes of liquefied natural gas to Kuwait over the next four years.

The LNG will be sourced from Qatar Liquefied Gas Company Limited (2) (Qatargas 2) , a joint venture between Qatar Petroleum, ExxonMobil and Total which started production in 2009.

The chilled fuel will be delivered onboard Q-Flex LNG vessels, chartered by Qatargas, to KPC’s Mina Al-Ahmadi LNG receiving terminal in Kuwait. LNG deliveries started in March, Qatargas said in a statement.

Qatargas chief executive officer Sheikh Khalid bin Khalifa Al-Thani said, “The signing of this agreement with KPC is another significant step in demonstrating Qatargas’ capability to reliably and efficiently lead the supply of LNG to the Middle Eastern emerging energy markets. This deal demonstrates the eagerness to strengthen and expand our relationship, and Qatargas’ readiness to meet KPC’s future demand for LNG.”

Kuwait’s LNG delivery season typically would start from March and extend to November of each year to meet the growing demand for power during peak summer months.

LEAVE A COMMENT

×

Comments are closed.