Middle East Economic Survey

VOL. LII

No 26

29-Jun-2009

KUWAIT

Kuwait Signs LNG Sale and Purchase Agreement With Shell

Kuwait Petroleum Company (KPC) has signed a sale and purchase agreement with Shell International Trading Middle East to obtain LNG to meet its needs for power generation over the peak load summer months. First delivery is expected in early August. Kuwait, with the worlds fourth largest oil and gas reserves, had failed to take the decisions to develop its domestic gas in sufficient...