By April 7, 2016 Read More →

Kuwait LNG import deal: 2.5 million tonnes of liquified gas

Kuwait LNG deal will help power electricity plants during summer months

Kuwait LNG

In the deal Qatargas, will supply Kuwait LNG needs during the hot summer months for the next four years.  Royal Dutch Shell photo.

KUWAIT CITY _ Kuwait’s state oil company has signed deals to import 2.5 million tons of liquefied gas per year into the country to help power electricity plants during its scorching summer.

The state-run Kuwait News Agency reported Thursday that the deals involve BP PLC, Royal Dutch Shell PLC and Qatargas. It offered no financial terms for the deal, though the state-run Qatar News Agency said Qatargas’ agreement called for it to offer a half a million tons a year for four years.

KUNA said Kuwait needed the natural gas for summer time, when electricity use spikes from air conditioners. It said oil-rich Kuwait would be able to rely on its domestic production for the winter months.

The Canadian Press

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