Kuwait strengthens its energy security with LNG deal with Qatar

Kuwait Petroleum Corporation and QatarEnergy sign a second contract for the delivery of 3 million tonnes of LNG per year, in response to Kuwait's growing energy demand.

Partagez:

Kuwait Petroleum Corporation (KPC) has signed a new agreement with QatarEnergy for the supply of liquefied natural gas (LNG) over a 15-year period. This commitment, the second in two years, provides for the annual delivery of 3 million tonnes of LNG to the Al Zour terminal.
The contract is designed to meet Kuwait’s soaring energy consumption, which requires reliable, long-term solutions.
The LNG volumes will be transported by the Q-Flex and Q-Max LNG carriers.
This initiative is part of a broader strategy to secure energy supplies, as Kuwait faces growing challenges linked to rising domestic demand.
The Qatari Minister of Energy, Saad al-Kaabi, is personally visiting Kuwait to formalize this agreement, underlining the importance of this bilateral cooperation.

LNG as a response to growing demand

The use of LNG in Kuwait is a response to the growing need to diversify energy sources and ensure a continuous supply of electricity.
Since 2009, the country has been importing LNG, supplementing its traditional resources to meet peaks in consumption, particularly during the summer months.
The Al Zour terminal, key to this infrastructure, is already receiving significant volumes under a previous contract signed in 2022.
By pursuing this import policy, Kuwait Petroleum Corporation is ensuring its ability to meet the country’s energy needs while limiting the risk of shortages.
The agreement with QatarEnergy, while not new, reinforces this strategy, positioning LNG as an essential pillar of Kuwait’s energy security.

QatarEnergy continues to expand in the LNG sector

QatarEnergy, a major player in the LNG market, continues to increase its production to meet global demand.
The expansion of its projects, both locally with the North Field and in the USA via Golden Pass, illustrates its ability to supply substantial volumes over the long term.
The new agreement with Kuwait is part of this expansion dynamic.
The instability of LNG prices on Asian markets accentuates the importance of long-term contracts, guaranteeing stable supply for customers like Kuwait.
By securing this agreement, Kuwait Petroleum Corporation is protecting itself against market fluctuations, ensuring the stability needed for national energy planning.

  • Populaires ​
CNOOC partners with KazMunayGas to explore the Zhylyoi subsoil area
Uranium Energy Corp acquires 170 million shares of Anfield Energy Inc.
Longi and Pertamina launch 1.6 GW solar plant in Indonesia
Chinese independent refiners poised to increase fuel oil imports
Austria introduces a 20% bonus for European photovoltaic equipment
The drilling fluids industry will reach $10.7bn by 2032 driven by oil expansion and chemical innovations
The increase in oil drilling, deepwater exploration, and chemical advances are expected to raise the global drilling fluids market to $10.7bn by 2032, according to Meticulous Research.
Enbridge Gas Ohio challenges tariff ruling cutting its revenues by $30mn
Enbridge Gas Ohio is assessing its legal options following the Ohio regulator's decision to cut its revenues, citing potential threats to investment and future customer costs.
Global small-scale LNG market to reach $31.78bn by 2030
The small-scale liquefied natural gas market is forecast to grow at an annual rate of 7.5%, reaching an estimated total value of $31.78bn by 2030, driven particularly by maritime and heavy-duty road transport sectors.
Europe extends gas storage obligations until 2027
The European Union extends gas storage regulations by two years, requiring member states to maintain a minimum fill rate of 90% to ensure energy security and economic stability amid market uncertainties.
Chevron and Energy Transfer Expand Their LNG Agreement at Lake Charles
Energy Transfer strengthens its partnership with Chevron by increasing their liquefied natural gas supply agreement by 50% from the upcoming Lake Charles LNG export terminal, strategically aiming for long-term supply security.
Woodside completes sale of 40% stake in Louisiana LNG project to Stonepeak
Woodside finalises the divestment of a 40% stake in the Louisiana LNG project to Stonepeak, injecting $5.7 billion to accelerate developments and optimise financial returns ahead of first gas delivery scheduled in 2026.
Keranic takes over Royal Helium and fast-tracks Steveville plant restart
Keranic Industrial Gas seals a sixty-day exclusivity deal to buy Royal Helium’s key assets, raise CAD9.5mn ($7.0mn) and bring Alberta’s Steveville plant back online in under fifteen weeks.
Fusion Fuel: Al Shola Gas secures AED4.4 mn ($1.2 mn) in contracts
The Irish-Portuguese company Fusion Fuel strengthens its footprint in the United Arab Emirates as subsidiary Al Shola Gas adds AED4.4 mn ($1.2 mn) in new engineering contracts, consolidating an already robust 2025 order book.
Cheniere Energy Approves Expansion of Corpus Christi LNG Terminal for 2029
Cheniere Energy validates major investment to expand Corpus Christi terminal, adding two liquefaction units to increase its liquefied natural gas export capacity by 2029, responding to recent international agreements.
LNG industry could reduce emissions by 60%, according to IEA
A study by the International Energy Agency reveals that global emissions from liquefied natural gas could be significantly reduced using current technologies.
Europe accelerates gas storage filling despite declining reserves
Europe is injecting natural gas into underground storage facilities at a three-year high, even as reserves remain below historical averages, prompting maximized imports of liquefied natural gas (LNG).
Seoul freezes electricity rates amid LNG supply risk concerns
South Korea abandons plans to lower electricity rates this summer, fearing disruptions in liquefied natural gas supply due to escalating geopolitical tensions in the Middle East, despite recent declines in fuel import costs.
Russia ready to deliver liquefied natural gas to Mexico
Russia positions itself to supply liquefied natural gas to Mexico and considers expanded technological sharing in the energy sector, according to Russian Energy Minister Sergey Tsivilyov.
Israel resumes gas exports to Egypt and Jordan
Israel has partially resumed its natural gas exports to Egypt and Jordan following a week-long halt due to the closure of two major offshore gas fields, Leviathan and Karish.
Nepal Identifies Major Methane Reserve Estimated at 112 Billion m³
Nepal reveals a significant potential reserve of methane in the west of the country, following exploratory drilling conducted with technical support from China, opening new economic prospects.
Petronas and JOGMEC Sign Strategic Agreement around LNG Canada Project
Petronas formalizes a memorandum with JOGMEC to secure Japanese LNG deliveries, including a first cargo from LNG Canada scheduled for July at Toho Gas.
Serbia negotiates gas deal with Gazprom at competitive European price
Belgrade is currently finalising a new gas contract with Russia, promising Europe's lowest tariff, according to Srbijagas General Director Dusan Bajatovic, despite Europe's aim to eliminate Russian imports by 2027.
TotalEnergies and QatarEnergy secure strategic exploration licence in Algeria
TotalEnergies and QatarEnergy have won the Ahara exploration licence, marking a new stage in their partnership with SONATRACH on a vast area located between Berkine and Illizi.
TotalEnergies plans to restart its Mozambique gas project by summer 2025
After four years of interruption due to regional insecurity, TotalEnergies announces the upcoming resumption of its liquefied natural gas project in Mozambique, representing a $20bn investment.
TotalEnergies strengthens Malaysian foothold with new offshore blocks
The French group has acquired from PETRONAS stakes in several licences covering more than 100,000 km² off Malaysia and Indonesia, consolidating its Asian presence and its exposure to the liquefied natural gas market.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS