{"id":80665,"date":"2024-08-28T00:00:00","date_gmt":"2024-08-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/28\/qatarenergy-inks-15-year-contract-to-supply-kuwait-with-3-mn-tons-of-lng-annually\/"},"modified":"2024-08-28T00:00:00","modified_gmt":"2024-08-28T00:00:00","slug":"qatarenergy-inks-15-year-contract-to-supply-kuwait-with-3-mn-tons-of-lng-annually","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/28\/qatarenergy-inks-15-year-contract-to-supply-kuwait-with-3-mn-tons-of-lng-annually\/","title":{"rendered":"QatarEnergy inks 15-year contract to supply Kuwait with 3 mn tons of LNG annually"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>QatarEnergy<\/strong><strong> + Kuwait Petroleum Corporation (KPC) ink 15-year LNG supply contract<\/strong><strong>:<\/strong> State-owned QatarEnergy and the Kuwait Petroleum Corporation (KPC) has signed a 15-year sale and purchase agreement to supply up to 3 mn tons per annum (mtpa) of LNG to Kuwait, according to a <a target=\"_blank\" href=\"https:\/\/www.qatarenergy.qa\/en\/MediaCenter\/Pages\/newsdetails.aspx?ItemId=3823\" style=\"\" rel=\"noopener\">statement<\/a>. QatarEnergy will begin making LNG shipments via its Q-Flex and Q-Max LNG vessels to Kuwait\u2019s Al Zour LNG Terminal in January 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">What they said:<\/strong><span style=\"background-color: transparent;\"> The new long-term partnership between KPC and QatarEnergy constitutes a \u201ccentral element in supporting Kuwait\u2019s sustainability goals particularly in the electricity generation sector,\u201d QatarEnergy CEO and Qatari Energy Affairs Minister Saad Sherifa Al Kaabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not a first:<\/strong> Kuwait <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/63b59b72-7b6e-4d2c-b957-96a0e4de3d49\/today:-adia-backed-consortium-offers-eur-14-bn-to-take-over-db-schenker\" style=\"\" rel=\"noopener\">inked an agreement<\/a> with Qatar back in 2020 for the supply of 3 mn mtpa of LNG that is set to expire by 2035. The North Field agreement would mean that Qatari supplies to Kuwait will reach 6 mn mtpa at some point later this decade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expansion plans:<\/strong> Qatar is set to ink more LNG contracts with European and Asian buyers, as major expansion projects look to boost the country\u2019s output by next to two-thirds to 126 mn tons over the decade, Al-Kaabi said <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5a54c1a9-21be-43a8-a719-110ba32ea936\/today:-a-new-riyadh-logistics-park-%2B-mubadala-eyes-stakes-in-london-heathrow\" style=\"\" rel=\"noopener\">in February<\/a>. QatarEnergy is looking to partner with firms on expansion projects and has already signed contracts with global energy giants including Shell, TotalEnergies, Exxon Mobil, Eni and others.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A slew of supply contracts:<\/strong> QatarEnergy and US-based Excelerate Energy signed a long-term agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/88244c0d-eb7a-4d2c-9cf6-e2d38466de5f\/dae-%2B-turkish-airlines-ink-agreement-to-lease-10-boeing-737-8-aircraft,%253cmark%253e-qatar-energy%253c%2Fmark%253e-%2B-excelerate-energy-also-sign-a-long-term-lng-agreement\" style=\"\" rel=\"noopener\">in January<\/a> to supply Bangladesh with LNG. The company also inked a 27-year LNG sales and purchase agreement with Chinese petrochemical company Sinopec <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6b559924-3d4d-47e9-9e4e-9dfe333e2280\/kuwait-airways-to-expand-freighter-fleet-%2B-ad-ports-to-deploy-emissions-monitoring-solution-at-its-ports.-plus:-more-from-fedex,-qatarenergy,-egypt,-and-iran\" style=\"\" rel=\"noopener\">in November<\/a>. The firm also signed two long-term LNG sale and purchase agreements back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2f178b9d-70f0-47c5-9534-48839334cb70\" style=\"\" rel=\"noopener\">in October<\/a> with Shell for the supply of up to 3.5 mn tons per year of LNG to the Netherlands for 27 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Qatar is slated to deliver the contracted LNG shipments via its Q-Flex and Q-Max LNG vessels to Kuwait\u2019s Al Zour LNG Terminal, effective January 2025<\/p>\n","protected":false},"author":1,"featured_media":80666,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41],"tags":[160,153,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-kuwait","tag-qatar","tag-trade","wpautop","entry"],"acf":{"mongo_id":"038b4076-d306-46d4-a2fc-822b4e96c54c","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/2468.jpg","photo_position":"above","homepage_title":"","full_issue_title":"QatarEnergy 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