Qatar Liquefied Gas Company Limited-2 (Qatargas 2) and Kuwait Petroleum Corporation (KPC) have signed an agreement to supply half a million tonnes of LNG to Kuwait over the next four years
Qatargas 2 is a joint venture between Qatar Petroleum, ExxonMobil and Total, which started production in 2009. The LNG will be delivered onboard Q-Flex LNG Vessels, chartered by Qatargas, to KPC’s Mina Al Ahmadi LNG receiving terminal.
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.
“The conclusion of this agreement cements the positive and mutually beneficial trade relations between the Qatari and Kuwaiti energy sectors, and enhances the position of Qatar as a safe and reliable supplier of clean energy to all corners of the world.”
Qatargas CEO Khalid bin Khalifa Al Thani added that the signing of the agreement with KPC was another significant step in demonstrating Qatargas’ capability to reliably and efficiently lead the supply of LNG to the Middle Eastern emerging energy markets.
Kuwait’s LNG delivery season typically would start from March and extend to November of each year in order to meet Kuwait’s growing demand for power during peak summer months.
Qatargas has been supplying Kuwait with the majority of its LNG requirements for the past five years through both direct sales to KPC and through third parties who have made deals with both Qatargas and KPC.
Qatargas is currently the largest producer of LNG in the world with an annual production capacity of 42mn tonnes per annum from its facilities in Ras Laffan Industrial City.
