Qatar Liquefied Gas Company Ltd (2) (Qatargas 2) has agreed to supply Kuwait Petroleum Corp. (KPC) with eight LNG cargoes by the end of 2014.
The LNG is sourced from Qatargas 2 – Train 4, a joint venture between Qatar Petroleum and ExxonMobil. The LNG will be delivered onboard Q-Flex LNG vessels to KPC’s Mina Al-Ahmadi LNG receiving terminal in Kuwait.
His Excellency Dr. Mohammed bin Saleh Al-Sada, Qatar’s Minister of Energy and Industry, said: “This is a very important milestone in Qatar’s standing as a reliable energy supplier as it marks the first direct agreement between the two companies and the first ever deliveries of LNG to Kuwait onboard Q-Flex vessels and it marks a significant development in LNG trade in the region.
“This agreement demonstrates readiness of the State of Qatar to meet the growing demand for LNG in the world, especially in the region.”
Sheikh Khalid bin Khalifa Al-Thani, CEO of Qatargas Operating Company Ltd., added: “The signing of this agreement with KPC marks yet another accomplishment for Qatargas as it continues to play a key role in the Middle Eastern market and positions itself as a world leader in the supply of energy to global markets.”
Adapted from press release by Callum O'Reilly
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