Kuwait Inks LNG Import Deal

Kuwait Petroleum Corporation has signed a 15-year agreement to import LNG into Kuwait starting 2020, Kuwaiti oil minister Bakheet Al-Rashidi said March 22, according to state Kuwait News Agency (KUNA).

The minister did not provide any detail about the name of the company, price or the volume contracted. He however stated that Kuwait is embarking on an ambitious path of economic growth, indicating that the deal will meet the growing demand for energy.

This growth in energy demand needs cleaner burning energy sources such as natural gas, which will contribute to reduce emissions and improve local air quality, KUNA quoted the minister as saying.

Whilst Kuwait is working towards increasing local natural gas production, there is a pressing requirement to secure imports of natural gas supplies in the meantime, he added.