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 >>

Oman >>  4/24/2016 - The Middle East’s oil supply declined by 70 tb/d y-o-y to average 1.27 mb/d in 2015. Estimated supply growth was revised up by 10 tb/d due to national...
Saudi Arabia >>  4/20/2016 - SNC-Lavalin through their affiliate Saudi Arabian Kentz, is proud to announce that it has been awarded an engineering, procurement and construction (E...

Saudi Arabia >>  4/20/2016 - Saudi Arabia intends to establish a 1,000 km-long canal linking the Arabian Gulf with the Arabian Sea, passing by the Kingdom to facilitate transport ...
Qatar >>  4/19/2016 - Cyberhawk Innovations has completed the first ever commercial oil and gas inspection in Qatar. This allows the significant cost benefits of Cyberhawk’...

Oman >>  4/11/2016 - L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro Ltd. India, has won two orders valued approximately USD 370 million f...
Yemen >>  12/24/2015 - Middle East oil supply is estimated to decrease by 0.09 mb/d in 2015 from the previous year to average 1.25 mb/d. Oman’s oil production is expected to...

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.