QatarEnergy, KPC sign 15-year agreement to supply up to 3 MTPA of LNG to Kuwait
The Peninsula
Doha: QatarEnergy entered into a 15 year LNG Sale and Purchase Agreement (SPA) with Kuwait Petroleum Corporation (KPC) for the supply of up to 3 milli...
Doha: QatarEnergy entered into a 15-year LNG Sale and Purchase Agreement (SPA) with Kuwait Petroleum Corporation (KPC) for the supply of up to 3 million tons per annum (MTPA) of LNG to the State of Kuwait, company said in a statement today.
Pursuant the terms of the SPA, the contracted LNG volumes will be delivered ex-ship to Kuwait's Al-Zour LNG Terminal onboard QatarEnergys conventional, Q-Flex, and Q-Max LNG vessels, starting in January 2025.
The agreement was signed by the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, HE Eng. Saad bin Sherida Al Kaabi and Deputy Chairman and Chief Executive of KPC HE Shaikh Nawaf Saud Al-Nasir Al-Sabah.
The signing was during a special ceremony held in Kuwait City and was witnessed by senior executives from KPC and QatarEnergy.
