A world leader in Liquefied Natural Gas (LNG) QatarEnergy has been at the forefront in supporting the sustainable goals and energy security of various countries around the world for decades. Cementing this further on a regional level, QatarEnergy has signed a 15-year LNG Sale and Purchase Agreement (SPA) with Kuwait Petroleum Corporation (KPC) to supply up to three million tonnes per annum (MTPA) of LNG to Kuwait. According to the agreement, the LNG deliveries will begin in January 2025 and will be transported to Kuwait’s Al Zour LNG Terminal using QatarEnergy’s fleet of conventional, Q-Flex, and Q-Max vessels.
This second long-term agreement with KPC is a significant step in boosting the brotherly relationship and bilateral trade between the countries as explained by H E Saad Sherida Al Kaabi, Minister of State for Energy Affairs, the President and CEO of QatarEnergy during the signing ceremony. “Our bilateral relations continue to grow and achieve the aspirations and interests of our peoples under the wise leadership of the Amir H H Sheikh Tamim bin Hamad Al Thani and Amir of Kuwait H E Sheikh Meshal Al Ahmad Al Jaber Al Sabah, which underlines the deep brotherly ties and the long-term partnership between Kuwait and Qatar,” he said.
QatarEnergy has established strategic partnerships with many major international oil and gas companies and these deals extend to various countries, enhancing QatarEnergy’s global footprint in energy markets. QatarEnergy’s strategic initiatives and international partnerships continue to make it a central player in the global energy industry, driving both economic growth and energy security for Qatar and beyond.
QatarEnergy is also on an expansion spree and its activities include the exploration, production, processing, refining, marketing, trading, and sales of energy products and commodities. QatarEnergy’s joint ventures span across multiple continents, involving projects in the Americas, Africa, Asia, and Europe. These ventures help secure access to new markets, diversify its portfolio, and reinforce its position as a global energy leader bringing tremendous economic growth for Qatar and its people.
QatarEnergy is investing heavily in its production and export infrastructure, including the construction of new LNG trains, additional storage facilities, and an expanded fleet of LNG carriers. These investments ensure Qatar’s ability to meet the growing global demand for LNG in the coming decades. Strategic focus on LNG, coupled with expansion projects, global partnerships, and commitment to sustainability, positions it as a critical player in the global energy landscape, driving both economic growth and energy security on a global scale.
