Kuwait’s state oil group, KPC, has signed a six-year LNG supply deal with Royal Dutch Shell, worth an estimated US$ 12 billion.
The deal between Kuwait Petroleum Corp (KPC) was reported last month in local newspapers, however no financial details were released.
In a statement, KPC said Oil Minister Ali al-Omair had received a delegation from Shell to sign the contract. It did not provide the volume of gas that would be supplied by Shell.
A Shell spokesman said he could not comment on details of commercial agreements. KPC officials were also not available for comment.
KPC also plans to sign a US$ 3 billion LNG supply with BP, according to Nasser al-Mudaf, head of KPC’s international marketing division. The company signed an LNG deal with Qatar last month.
Edited from various sources by Katie Woodward