Kuwait Signs LNG Import Deal With Shell, Has Gas Need
- Will free up more oil production for exports: Qamar Energy CEO
- Shell has supplied natural gas fuel to Kuwait since 2010
A Kuwaiti tanker loads natural gas at a Kuwait Petroleum Co. Refinery.
Photographer: Daniel Acker/Bbloomberg
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Kuwait Petroleum Corp. signed a 15-year liquefied natural gas import deal with Royal Dutch Shell Plc to help the oil exporting nation meet growing domestic energy demand.
The sales purchasing agreement with Shell International Trading Middle East Ltd. will start in 2020, the companies said Sunday in an emailed statement. Shell has supplied Kuwait with the super-cooled fuel since 2010 and declined to say how much gas is covered under the new contract. While KPC is working to boost local natural gas production, Kuwait has a “pressing requirement” to secure natural gas supplies in the meantime, they said.