The BP deal, signed by state-run Kuwait Petroleum Corp (KPC), will help Kuwait run its power plants through the hottest time of the year.
KPC expects Kuwait will import a total of around 2.5 million tonnes of LNG, natural gas frozen to a liquid for transport on tankers, per year over the next few years through such contracts, said Nasser al-Mudaf, head of the company`s international marketing division.
He was referring to the deals with Shell, BP and state-run Qatargas.
Kuwait began importing LNG in 2009. Over the previous four years it signed deals with Shell and Swiss-based trader Vitol to supply it during the peak power demand period from April to October.
More about:
