Qatargas, Kuwait Petroleum sign deal

May 29, 2014 - 2:01:49 am

Doha: Qatar Liquefied Gas Company Ltd (2) (Qatargas 2) and Kuwait Petroleum Corporation (KPC) have executed an agreement to supply KPC with liquefied natural gas in 2014. Under the agreement, eight LNG cargoes will be delivered to Kuwait by the end of the year.

The LNG is sourced from Qatargas 2 — Train 4, a joint venture between Qatar Petroleum and ExxonMobil which started production in 2009, and delivered onboard Q-Flex LNG Vessels to KPC’s Mina Al-Ahmadi LNG receiving terminal in Kuwait.

The Minister of Energy and Industry, H E Dr Mohamed bin Saleh Al Sada, said: “This is a very important milestone in Qatar’s standing as a reliable energy supplier as it marks the first direct agreement between the two companies and the first ever deliveries of LNG to Kuwait onboard Q-Flex vessels and it marks a significant development in LNG trade in the region.” The Peninsula