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LNG World Shipping

Kuwait Petroleum agrees four-year LNG supply deal with Qatargas

Wed 06 Apr 2016 by Karen Thomas

Kuwait Petroleum agrees four-year LNG supply deal with Qatargas
Qatargas will charter Q-flex vessels to deliver LNG to Mina al-Ahmadi in Kuwait

Qatar Liquefied Gas Co (Qatargas 2) has agreed to supply half a million tonnes of LNG to Kuwait Petroleum (KPC) over the next four years.

Under the deal, which took effect last month, KPC will source the LNG from Qatargas 2, a joint venture between Qatar Petroleum, ExxonMobil and Total that started production in 2009.

The LNG will be delivered on Q-flex LNG vessels chartered by Qatargas, to KPC’s Mina al-Ahmadi LNG receiving terminal in Kuwait. Kuwait’s LNG delivery season lasts from March to November, reflecting the emirate’s growing demand for power during the hot summer months. 

Qatargas has supplied Kuwait with most of its LNG requirements for the last five years, through direct sales to KPC and through third parties that have deals with Qatargas and with KPC. Elsewhere in the Middle East, Qatargas has supplied LNG to Dubai since 2008 and delivered a commissioning cargo to Jordan in May last year.

Qatargas chairman Saad Sherida al-Kaabi said: “The agreement consolidates the position of Qatargas as the LNG partner in the [Gulf Co-operation Council] region and the Middle East, and enhances its established global position.”

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