Gulf Oil and Gas accountACCOUNT

KPC and Vitol Sign LNG Supply Deal

Source: www.gulfoilandgas.com 4/26/2010, Location: Middle East

Share |
Vitol S.A. signed an agreement with Kuwait Petroleum Corporation (KPC) to supply liquefied natural gas (LNG) to the state of Kuwait to help the state meet peak electricity demand during the summer months of April through October 2010 to 2013.

The four year agreement helps KPC meet the state of Kuwait’s growing energy demand as the state implements its ambitious development plans, which will require more clean energy supplies, including natural gas.

While KPC is following through on its plans for increasing local natural gas production and providing clean supplies of feedstock for the state’s power generation facilities, this supply agreement will help meet demand for gas during the interim period.

KPC believes that importing LNG to meet peak summer demand is a sustainable solution to help reduce emissions and improve local air quality.

KPC are delighted to have secured supplies from a reliable global partner like Vitol, and look forward to strengthening their long-term relationship with the company.

Vitol are very pleased to have been awarded this contract, which reinforces their commitment to partner with KPC, as it looks to meet its LNG supply requirements.

LNG Carriers News in Kuwait >>

Bermuda >>  6/20/2016 - Golar LNG Limited (Golar) has entered into a 50/50 joint venture with investment vehicles affiliated with private equity firm Stonepeak Infrastructure...
Egypt >>  6/19/2016 - Egypt aims to import between 110 and 120 cargos of liquefied natural gas in 2017, the state-owned Egyptian Natural Gas Holding company (EGAS) told Reu...

Egypt >>  6/18/2016 - One of the world’s newest liquefied natural gas importers is again shipping out the fuel. ...
Japan >>  6/13/2016 - Japanese city gas supplier Shizuoka Gas Co said it signed a contract to sell the first re-load liquefied natural gas (LNG) cargo from its modified Shi...

Russia >>  6/9/2016 - SKF’s industry leading technologies and design engineering support are helping to enhance the reliability and reduce the life cycle cost of propulsion...
Ghana >>  6/6/2016 - Ghana expects to start importing liquefied natural gas (LNG) early next year, the acting chief executive of Ghana National Petroleum Corporation (GNPC...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


Kuwait Oil & Gas 1 >>  2 | 3 | 4 |

More News

 

Oil & Gas Companies in Kuwait >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.