State-owned oil and gas company Qatar Petroleum (QP) said it had signed an agreement with Kuwait Petroleum Corporation to supply 3 million tonnes of liquefied natural gas annually for 15 years.
The agreement was signed on Sunday in Kuwait by Qatar Petroleum CEO and Qatari Energy Minister Saad Sherida Al-Kaabi and Kuwaiti Oil Minister Khaled Ali Al-Fadhel.
“Under the 15-year agreement, LNG deliveries to Kuwait’s new world-class LNG receiving terminal at Al-Zour Port will commence in 2022 to support meeting Kuwait’s growing energy needs and demand, particularly in the power generation sector,” the Qatari company said.
According to Al-Fadhel, Kuwait needs cleaner energy sources, such as natural gas, and despite the country’s increasing domestic gas production, there is still an urgent need for imports.
