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12-05-14

Kuwait signs USD12b agreement with Shell for LNG supply

(MENAFN) Kuwait's state oil group has signed a SD12 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 deals with BP worth USD3 billion 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.