A plan has been announced by Kuwait Oil Tanker Co. (KOTC) to invest over KD30m in a new liquefied natural gas (LNG) plant in the north of the country, Kuna has reported. KOTC's deputy Chairman Sheikh Ali Humoud Al-Sabah said first phase of the plant's construction is expected to take 24 months after singing the contract. The new plant is projected to have a production capacity of eight million cylinders a year, which would later be expanded.