Kuwait Petroleum Corporation will import gas over next four years
Qatargas 2 has signed a four-year agreement to supply liquefied natural gas (LNG) to Kuwait, according to the companys majority stakeholder, state-owned Qatargas.
The deal, which was agreed with Kuwait Petroleum Corporation (KPC), calls for 500,000 tonnes of LNG to be delivered to Kuwait.
The LNG will be received by KPCs Mina al-Ahmadi receiving terminal and sources from Qatar Gas 2s processing facilities in Ras Laffan.
Kuwaits LNG delivery season typically would start from March and extend to November of each year, to meet Kuwaits growing demand for power during peak summer months, Qatargas said.
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.
The LNG will be sourced from Qatargas 2, a joint venture between Qatar Petroleum, ExxonMobil and Total which started production in 2009, and will be delivered on LNG Vessels chartered by Qatargas.
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