Kuwait secures gas to meet power demand
National energy company signs off on $12bn LNG contract with Shell.
Kuwait has secured gas supplies needed to meet peak summer energy power for the next six years.
National energy company Kuwait Petroleum Corp (KPC) signed off on a $12bn LNG supply contract with Shell, a statement said.
A deal with the Anglo Dutch energy major and BP was first announced last month for a reported 2.5 million tonnes per annum of LNG.
Later in April KPC said it had signed a separate LNG supply contract contract with Qatargas.
All of the volumes are being sourced from various projects in Qatar.
Kuwait began importing LNG in 2010 to meet peak summer demand but the four year contract expired last year.
The volumes are delivered between April and October when demand for air conditioning is at its highest.