KPC inks LNG supply deal

Kuwait Petroleum Corporation (KPC) has reportedly signed a long-term liquefied natural gas (LNG) supply deal. 

Kuwait’s minister of oil and minister of electricity and water, Bekheet Al-Rishidi, was quoted by the state news agency KUNA, as saying the deal would allow KPC to meet the rising demand for energy in the country.

Without naming the international company that was contracted to supply liquefied natural gas volumes to KPC, Al-Rishidi was cited as saying the LNG will be used for fueling power plants.

KPC is looking to diversify the sources of LNG. The latest agreement follows that signed in December with the Hague-based LNG giant Shell.

Under that agreement, Shell is set to deliver some 2 to 3 million metric tons of LNG a year, over a period of 15 years starting in 2020.

Volumes to be delivered under the latest agreement have not been disclosed, as well as the start date of the supply.

LNG World News Staff