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Kuwait signs $3 bln LNG supply deal with BP

Published: 13 May 2014 - 01:29 pm | Last Updated: 28 Jan 2022 - 03:40 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)