Kuwait signs $3 bln LNG supply deal with BP

May 13, 2014 - 1:23:39 pm

KUWAIT: Kuwait's state oil group said it signed a five-year liquefied natural gas (LNG) supply deal with BP on Tuesday, worth an estimated $3 billion, the Gulf state's second energy import deal this week.

Kuwait Petroleum Corp (KPC) signed a $12 billion LNG supply deal with Royal Dutch Shell on Sunday.

Kuwait expects to import a total of around 2.5 million tonnes of LNG per year over the next few years through such contracts, said Nasser al-Mudaf, head of KPC's international marketing division. (Reuters)