popular articles

Kuwait and Qatar Energy in talks for 15-year contract

Qatar Energy and Kuwait are negotiating a 15-year contract to boost Kuwait's supply of liquefied natural gas, in response to growing energy demand.

Please share:

Kuwait, faced with growing demand for electricity, is negotiating with Qatar Energy to secure a new 15-year liquefied natural gas (LNG) supply contract.
The deal, aimed at doubling current imports to 6 million metric tons per annum (mtpa), comes as the country seeks to stabilize its power grid, which is particularly strained during periods of extreme heat.
The current 15-year contract signed in 2020 with Qatar, for 3 mtpa, is insufficient to meet future energy needs.
This new negotiation will enable Kuwait to strengthen its energy security while avoiding service interruptions that could occur in the event of excessive demand.

Qatar Energy: An expansion strategy aligned with regional needs

Qatar Energy, a major player in the LNG market, is pursuing an ambitious expansion strategy.
The North Field project, key to this expansion, should enable Qatar to increase its annual production from 77 million tonnes to 142 million tonnes by 2030.
This partnership with Kuwait is a crucial step in this dynamic, consolidating Qatar’s position as the region’s leading LNG supplier.
For Kuwait, this new agreement is more than just an acquisition of energy resources.
It is a central element in its strategy to diversify its energy supply sources, in the face of local infrastructures that are sometimes insufficient to meet growing demand.

Regional implications and challenges for the energy market

This pending agreement could have a significant impact on the entire Gulf energy market.
Securing LNG supplies has become a priority for countries in the region, which are facing growing energy challenges.
By strengthening its ties with Qatar Energy, Kuwait is not only ensuring the stability of its power grid, but also participating in a regional dynamic where energy partnerships are essential.
The collaboration between Kuwait and Qatar could serve as a model for other countries in the region, demonstrating the importance of long-term strategic planning to meet future energy needs.
In addition, this agreement underlines Qatar’s central role in global LNG supply, particularly in an energy-intensive region such as the Gulf.

Register free of charge for uninterrupted access.

Publicite

Recently published in

ADNOC Gas reports a net profit of $5 billion in 2024, marking a 13% year-on-year growth. The company strengthens its position with adjusted revenues of $24.43 billion and plans strategic investments through 2029. ##
McDermott has successfully completed the transportation, installation, and commissioning of the Kikeh subsea gas lift project, awarded by PTTEP Sabah Oil Limited. Conducted in deep waters off the coast of Sabah, East Malaysia, the project was completed in under eight months.
McDermott has successfully completed the transportation, installation, and commissioning of the Kikeh subsea gas lift project, awarded by PTTEP Sabah Oil Limited. Conducted in deep waters off the coast of Sabah, East Malaysia, the project was completed in under eight months.
Facing declining interest from European companies in its gas storage capacity, state-owned operator UkrTransGaz is focusing on integrating into the European Union market and implementing measures to strengthen the competitiveness of its infrastructure despite security challenges.
Facing declining interest from European companies in its gas storage capacity, state-owned operator UkrTransGaz is focusing on integrating into the European Union market and implementing measures to strengthen the competitiveness of its infrastructure despite security challenges.
ONEOK and MPLX announce a collaboration to build an LPG export terminal on the U.S. Gulf Coast, strengthening their presence in the NGL sector.
ONEOK and MPLX announce a collaboration to build an LPG export terminal on the U.S. Gulf Coast, strengthening their presence in the NGL sector.
Baker Hughes has secured an order from Tecnicas Reunidas for six gas compression trains and six propane compressors, key elements in the third expansion phase of the Jafurah field in Saudi Arabia.
Moldova begins routing gas to Transnistria with the help of €30 million from the EU, ensuring supply until February 10 despite the energy crisis.
Moldova begins routing gas to Transnistria with the help of €30 million from the EU, ensuring supply until February 10 despite the energy crisis.
A Scottish court has overturned the licenses granted by British authorities to Shell and Equinor to develop two oil and gas fields in the North Sea, prompting a delay in their exploitation and requiring new environmental assessments.
A Scottish court has overturned the licenses granted by British authorities to Shell and Equinor to develop two oil and gas fields in the North Sea, prompting a delay in their exploitation and requiring new environmental assessments.
Baker Hughes has signed a major contract to supply modular LNG systems and a power island, while also entering into a multi-year service agreement to support phases 1 and 2 of the Plaquemines LNG project in Louisiana.
Baker Hughes has signed a major contract to supply modular LNG systems and a power island, while also entering into a multi-year service agreement to support phases 1 and 2 of the Plaquemines LNG project in Louisiana.
GRTgaz renames itself NaTran to highlight its commitment to transforming its gas networks, aiming to become a key player in the transport of decarbonized gas by 2030. This change in identity accompanies an ambitious project to address energy and climate challenges.
The separatist authorities of Transnistria accuse Chisinau of diverting the European aid of 30 million euros intended for gas purchases. Disagreements persist over the distribution of resources amid the ongoing energy crisis following the halt of Russian deliveries.
The separatist authorities of Transnistria accuse Chisinau of diverting the European aid of 30 million euros intended for gas purchases. Disagreements persist over the distribution of resources amid the ongoing energy crisis following the halt of Russian deliveries.
Saneg, in partnership with international players, transforms flared gas into a usable resource, reducing energy dependency while strengthening its position in a pressured energy market.
Saneg, in partnership with international players, transforms flared gas into a usable resource, reducing energy dependency while strengthening its position in a pressured energy market.
Morocco is investing in a 990 MW gas power plant, backed by local and international financing, to achieve strategic and economic objectives.
Morocco is investing in a 990 MW gas power plant, backed by local and international financing, to achieve strategic and economic objectives.
The Investment Promotion Agency (APIX) and the Senegalese Gas Network (RGS SA) are formalizing a key partnership to develop a gas pipeline network, a crucial step to support the exploitation of the country's natural gas reserves.
Shell has completed the acquisition of RISEC Holdings, consolidating its presence in the ISO New England market with a 609 MW combined-cycle power plant.
Shell has completed the acquisition of RISEC Holdings, consolidating its presence in the ISO New England market with a 609 MW combined-cycle power plant.
ExxonMobil and Qatar Energy begin a strategic drilling operation off the coast of Cyprus, targeting new natural gas deposits. This initiative reflects the European Union's quest to diversify its energy supply sources.
ExxonMobil and Qatar Energy begin a strategic drilling operation off the coast of Cyprus, targeting new natural gas deposits. This initiative reflects the European Union's quest to diversify its energy supply sources.
Global natural gas markets will remain tight in 2025, with rising demand meeting slower supply growth. Geopolitical tensions could further exacerbate these market pressures.
Global natural gas markets will remain tight in 2025, with rising demand meeting slower supply growth. Geopolitical tensions could further exacerbate these market pressures.
European gas reserves have dropped by more than 17% in one year, while the Title Transfer Facility (TTF) futures contract exceeds 50 euros/MWh. The European Union raises its storage targets to secure winter supply.
Algeria partners with Chevron to evaluate hydrocarbon resources in its Mediterranean waters. This collaboration could reshape the country’s energy strategy and attract significant international investments.
Algeria partners with Chevron to evaluate hydrocarbon resources in its Mediterranean waters. This collaboration could reshape the country’s energy strategy and attract significant international investments.
The American giant Chevron joins Greece's natural gas exploration sector, targeting resource-rich zones. This strategic initiative aligns with the expansion of hydrocarbon operations and strengthens Europe's energy independence.
The American giant Chevron joins Greece's natural gas exploration sector, targeting resource-rich zones. This strategic initiative aligns with the expansion of hydrocarbon operations and strengthens Europe's energy independence.
The Mozambique LNG project, led by TotalEnergies, remains frozen since 2021. The restart of this $20 billion gas mega-project depends on restoring security in the Cabo Delgado region and lifting the ""force majeure"" clause.
The Mozambique LNG project, led by TotalEnergies, remains frozen since 2021. The restart of this $20 billion gas mega-project depends on restoring security in the Cabo Delgado region and lifting the ""force majeure"" clause.
In Moldova, the end of Russian gas deliveries has plunged several villages under Moldovan control in Transnistria into a severe energy crisis, highlighting the logistical and economic challenges of an independent energy supply.
A private company partners with Pine Cliff Energy to secure natural gas supply for an off-grid data center in Alberta under a 25-year contract based on NYMEX market prices.
A private company partners with Pine Cliff Energy to secure natural gas supply for an off-grid data center in Alberta under a 25-year contract based on NYMEX market prices.
CNOOC Limited has announced the start of production at the Dongfang 29-1 gas project, located in the Yinggehai Basin, marking a major milestone for sustainable energy supply around Hainan Island.
CNOOC Limited has announced the start of production at the Dongfang 29-1 gas project, located in the Yinggehai Basin, marking a major milestone for sustainable energy supply around Hainan Island.
Liquefied natural gas (LNG) transactions observed on the Market on Close (MOC) are slowing due to high inventories and limited demand, despite the traditionally buoyant winter period.
Liquefied natural gas (LNG) transactions observed on the Market on Close (MOC) are slowing due to high inventories and limited demand, despite the traditionally buoyant winter period.

Advertising