Qatar agrees 15-year LNG supply deal with Kuwait

Qatar on Monday agreed to supply Kuwait with some three million tons per annum of liquefied natural gas (LNG) over a 15-year period beginning next year, amid a surge in national demand for power. The agreement, signed by the chief executive of state-oil giant Kuwait Petroleum Corporation (KPC) Sheikh Nawaf Saud Al-Naser Al-Sabah and his counterpart at Qatar Energy Saad Al-Kaabi, follows a similar 2020 deal with the same figures as part of efforts to meet rising energy demand in Kuwait, the KPC CEO told a press conference. These agreements are a testament to the "solidity" of bilateral relations between the two Gulf Arab neighbors, while simultaneously aiming to ensure a perpetual supply of energy in line with "transformative" national strategies, he said. Hailing the long-term partnership between the state-owned firms, Qatar Energy's chief executive expected the deal to be instrumental in bringing Kuwaiti sustainable development goals to fruition, while addressing the needs of the Qatari firm's clientele, a dded the official. Source: Kuwait News Agency