His Excellency Dr. Mohammed bin Saleh Al-Sada, Qatar’s Minister of Energy and Industry.

Qatargas and Kuwait Petroleum Corporation sign agreement for delivery of LNG cargoes in 2014

: Thursday, May 29 - 2014 @ 08:38

Qatar Liquefied Gas Company Limited (2) (Qatargas 2) and Kuwait Petroleum Corporation (KPC) have executed an agreement to supply KPC with liquefied natural gas in 2014. Under the agreement, eight LNG cargoes will be delivered to Kuwait by the end of the year.

The LNG is sourced from Qatargas 2 – Train 4, a joint venture between Qatar Petroleum and ExxonMobil which started production in 2009, and 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, hailed the conclusion of this recent agreement and stated, “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.” He further added: “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., reinforced the significance of the agreement and said, “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.”

For media enquiries please contact:
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Nizar Ahmed
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Thursday, May 29- 2014 @ 8:38 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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