Kuwait Petroleum plans loan for LNG terminal
Published by Will Owen,
Editor
LNG Industry,
Reuters is reporting that Kuwait Integrated Petroleum Industries Company (KIPIC) plans to borrow up to US$2.6 billion, from banks and export credit agencies, to build a LNG import terminal.
KIPIC are owned by Kuwait Petroleum Corporation (KPC) who have not, as yet, released any comments regarding the loan.
The money will reportedly be used to develop the LNG terminal at Kuwait’s Al Zour complex, which also has a refinery and a petrochemical facility.
The terminal is expected to be used to meet domestic gas demand is predicted to begin operating by 2020.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/23052018/kuwait-petroleum-plans-loan-for-lng-terminal/
You might also like
Eight new LNG carriers will feature Wärtsilä reliquefaction systems
Following an earlier newbuild programme in June 2022 for four new vessels, the company has now been awarded the contract to supply reliquefaction systems for a further eight ships.
