LNG Carriers: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

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 >>

Middle East Oil Demand in April 2014
Saudi Arabia >>  4/16/2014 - In the Middle East, oil demand is anticipated to continue growing in 2014 at a stable rate, increasing by 0.31 mb/d above the 2013 total consumption l...
Iraq Approves $588.8m Oilfield Contract for Daewoo
Iraq >>  4/15/2014 - Iraq's cabinet approved an $588.8 million oilfield service contract with South Korea's Daewoo Engineering & Construction for the development of the Zu...

Kuwait to Award $4.3 bln Contract for Heavy Oil Project
Kuwait >>  4/15/2014 - Kuwait plans to award a 1.2 billion dinar ($4.3 billion) contract later this year for the first phase of a project to produce heavy oil at its norther...
Middle East Oil Supply in April 2014
Oman >>  4/14/2014 - The Middle East’s oil supply is estimated to decrease by 0.12 mb/d in 2013 from one year earlier to average 1.35 mb/d, remaining unchanged from the pr...

Samsung Engineering Signs $3.8b EPC Contract in Kuwait
Kuwait >>  4/13/2014 - Samsung Engineering Co., Ltd, the first and largest engineering company in Korea, entered Kuwait with the KNPC Clean Fuels Project (CFP) worth 3.8 bil...
Technip Awarded FEED Contract in Basra
Iraq >>  4/10/2014 - Technip, in partnership with China HuanQiu Contracting & Engineering Corporation (HQC), was awarded by Basra Gas Company (BGC*), a front-end engineeri...



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 |


More News

Oil & Gas Companies in Kuwait >>

Related Links

Countries Quick Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us