Qatar Petroleum as well as Kuwait Petroleum Corporation (KPC) became part of a long-term Sale as well as Purchase Agreement for the supply of as much as 3 million lots per year of Liquefied Natural Gas (LNG) to the State of Kuwait.

The arrangement was authorized byHis Excellency Dr Khaled A. Al-Fadhel, the Minister of Oil as well as the Minister of Electricity & & Water, the Chairman of the Board of Kuwait Petroleum Corporation as well asHis Excellency Mr Saad Sherida Al -Kaabi, the Minister of State forEnergy Affairs, the President as well as Chief Executive Officer of Qatar Petroleum, throughout an unique event kept in Kuwait City.

Under the 15-year arrangement, LNG distributions to Kuwait’s brand-new first-rate LNG getting incurable at Al-Zour Port will certainly start in 2022 to sustain conference Kuwait’s expanding power demands as well as need, especially in the power generation field.

Image Credits: qp.com.qa

His Excellency Mr Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President as well as Chief Executive Officer of Qatar Petroleum invited the finalizing of the arrangement as well as claimed, “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.”

“This agreement extends Qatar’s long standing LNG supply relationship with Kuwait well into the 2030’s and highlights our 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,” His Excellency Minister Al-Kaabi ended.

On his component,His Excellency Dr Khaled A. Al-Fadhel, the Minister of Oil as well as the Minister of Electricity & & Water, the Chairman of the Board of Kuwait Petroleum Corporation claimed, “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. Whilst KPC is working towards increasing local natural gas production, there remains a pressing need to secure imports of natural gas supplies.”

This arrangement strengthens the strong brotherly partnership in between Kuwait as well as Qatar as well as more enhances the connections in between Kuwait Petroleum Corporation as well as Qatar Petroleum.

Reference: qp.com.qa