Kuwait has signed a five-year LNG supply deal with BP worth US$3bn to fulfil its energy demands
The OPEC oil producer has also recently signed a US$12bn LNG supply deal with Shell and will import gas from Qatar.
Nasser al-Mudaf, head of international marketing division at Kuwait Petroleum Corporation, said, “The amount contracted by the three companies that we signed with will be up to 2.5mn tonnes per year.”
According to al-Mudaf, the LNG from the three companies will come in 32 shipments per year, each one comprising 80,000 tonnes. Shell will send 18 shipments, Qatargas will send eight and BP will send six, he added.
Kuwait began importing LNG in 2009. Over the previous four years, it has signed deals with Shell and Swiss-based trader Vitol for supplies during the peak power demand period from April to October.
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