Monday, 6 January , 2020     |     1134      |      +      |     

Kuwait, Qatar sign long-term gas supply agreement

Kuwait, Qatar sign long-term gas supply agreement : Google

Kuwait Petroleum Corporation (KPC) and Qatar Petroleum signed on Sunday a long-term sale and purchase agreement for the annual supply of up to 3 million tons of Liquefied Natural Gas (LNG) to Kuwait, the Kuwait News Agency (KUNA) reported.


The agreement was signed by Khaled Al-Fadhel, Kuwaiti minister of oil and chairman of KPC, and Saad Sherida al-Kaabi, Qatari minister of state for energy affairs and president of Qatar Petroleum, KUNA said.

LNG deliveries to Kuwait will start in 2022 to support Kuwait’s growing energy needs and demand, particularly in the power generation sector, according to the agreement.

At the signing ceremony in Kuwait City, Khaled Al-Fadhel said Kuwait is embarking on an ambitious path of economic growth, which requires cleaner energy sources such as natural gas which will contribute to reducing emissions and improving air quality.

For his part, Saad Sherida al-Kaabi said the agreement will extend Qatar’s long standing LNG supply relationship with Kuwait well into the 2030s.

Kuwait Today Business Subscription

Keywords:
Category: #Gulf News, #Qatar | 2020/01/06 latest update at 5:15 PM
Source : Xinhua | Photocredit : Google
1135
Comments Add comment

Latest Comments


  
  LinkedIn Gulf Media

Sponsored Publications


Related Articles

The editorial staff of Kuwait Media would like to give all of its readers from Gulf and Kuwait and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Kuwait Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Kuwait, the Gulf and the world.


Latest searches in Kuwait Today