KUWAIT: QatarEnergy and Kuwait Petroleum Corporation (KPC), both state-owned companies, are on the verge of finalizing a long-term sales and purchase agreement for liquefied natural gas (LNG). The upcoming deal was hinted at during a signing ceremony on Monday, as noted by a banner at the event.
According to Reuters, discussions between QatarEnergy and KPC have been ongoing regarding a 15-year agreement under which QatarEnergy would supply Kuwait with 3 million metric tons of LNG annually. This agreement is poised to significantly bolster Kuwait’s energy supply, ensuring a steady flow of LNG to meet the country’s growing demand.
The deal underscores the strategic energy partnership between the two Gulf nations and highlights Qatar’s role as a leading LNG supplier on the global stage. The agreement is expected to be a key component of Kuwait’s energy strategy, ensuring long-term energy security and stability.
