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Qatar to supply Kuwait with 3M tons of LNG a year

State-run Qatar Petroleum (QP) said it had signed a 15-year agreement to supply Kuwait with up to 3 million tons of liquefied natural gas (LNG) per year.

Deliveries to Kuwait’s al-Zour port will begin in 2022 to help meet Kuwait’s growing energy needs, particularly in the power generation sector, QP said in a joint statement with Kuwait Petroleum Corp (KPC).

Qatar, the world’s top supplier of LNG, plans to boost its production of LNG to 126 million tons a year (mtpa) by 2027.

The deal would help Kuwait to meet its requirement for cleaner sources of energy and would contribute to reducing emissions and improving local air quality, Kuwait’s oil minister Khaled al-Fadhel said in the statement.

“Whilst KPC is working towards increasing local natural gas production, there remains a pressing need to secure imports of natural gas supplies,” Fadhel said.

Kuwait has been boosting its reliance on imported gas to meet power demand, especially in summer when consumption by air conditioning systems rises sharply, but it is also focusing on ramping up gas production as part of its 2040 growth strategy. (Reporting by Ahmed Hagagy Additional reporting by Rania El Gamal Editing by Jason Neely and David Holmes)


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FEATURED COLUMNS

Editorial Comment: The Future of FLNG: Less is More?
-Adrienne Blume
Global LNG export capacity is expected to increase by 45% between 2017 and 2022, to more than 400 metric MMtpy, with 90% of the new capacity coming from sanctioned projects in the U.S. and Australia. By 2050, this capacity is anticipated to exceed 700 MMtpy. Regasification capacity is anticipated to increase even more sharply.
Executive Viewpoint: Back to production: Where we’re going, we don’t need pipelines
-Mark Casaday
What if a cost-effective way existed to extract and distribute natural gas, regardless of proximity to pipeline, and bring those assets back to production? What if the industry went in a direction that did not need pipelines? For those looking to monetize unproductive natural gas assets or bring unproductive wells back to production, it would be revolutionary.
Regional Focus:Australia to boost LNG exports despite domestic gas shortage
-Eugene Gerden
Australia is planning further increases in LNG production and exports over the next decade, despite quickly depleting reserves and a looming supply shortage in the domestic market.


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