Qatargas has signed a four year agreement with the Kuwait Petroleum Company to supply half a million tonnes of Liquefied Natural Gas.
The LNG will be sourced from the Qatargas 2 facility. Saad Sherida Al Kaabi, Qatargas Chairman of the Board, said: “The agreement consolidates the position of Qatargas as the LNG partner in the GCC region and the Middle East, and enhances its established global position.”
Kuwait will use the additional LNG in its power generation plants, particularly over the summer months when demand for air conditioning soars.
Qatargas already supplies Kuwait with the majority of its LNG. Speaking of the new deal, Qatargas’ chief executive officer, 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.”