Qatar to supply Kuwait with 3 million tonnes of LNG annually for 15 years
Qatar and Kuwait share brotherly relations, which have been growing stronger in recent years through continued cooperation across several areas.
In the latest such endeavor, Qatar Petroleum (QP) announced that it has entered into a 15-year agreement with Kuwait Petroleum Corporation (KPC) to supply up to 3 million tonnes of Liquefied Natural Gas (LNG) to Kuwait every year.
Dr. Khaled A. Al-Fadhel, the Minister of Oil and the Minister of Electricity & Water, the Chairman of the Board of Kuwait Petroleum Corporation and His Excellency Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, initialed the Sale and Purchase Agreement at a ceremony held in Kuwait City.
According to the agreement, the LNG deliveries will be sent through to Kuwait’s new world-class LNG receiving terminal at Al-Zour Port in 2022.
HE Saad Sherida Al-Kaabi, commented on the occasion, “We are pleased and proud to join hands with Kuwait Petroleum Corporation, and we look forward to providing reliable LNG supplies to our brothers in the State of Kuwait for decades to come.”
He added that the agreement extends Qatar’s long-standing LNG supply relationship with Kuwait well into the 2030s and highlights the country’s commitment to meeting Kuwait’s LNG requirements.
“We are confident that the exceptional reliability of our LNG supplies will provide KPC with the required flexibility and supply security to fuel the State of Kuwait’s impressive growth,” HE the Minister noted.
“The state of Kuwait is embarking on an ambitious path of economic growth, which requires cleaner energy sources such as natural gas that will contribute to reducing emissions and improving local air quality,” said Kuwait’s Minister Oil and the Minister of Electricity & Water, Dr Al Fadhel.
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