Kuwait signs USD12b agreement with Shell for LNG supply


(MENAFN) Kuwait's state oil group has signed a USD12 billion deal with Royal Dutch Shell on liquefied natural gas (LNG) supply to cover the growing energy demand in summer, according to Arab News The announcement was revealed in a newspaper report without mentioning financial details. KPC is willing to make USD3 billion worth deals with BP on LNG supply over the coming months. Aiming to cover the growing demand on oil and energy in Kuwait, the country has signed deals with Shell and Swiss-based trader Vitol to supply it from April to October for the previous four years.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.