KUWAIT

 

Kuwait’s LNG Project In Australia Makes Progress

The Chevron-operated $29bn Wheatstone LNG project in Western Australia, in which state-owned Kuwait Foreign Petroleum Exploration Company (KUFPEC) owns 7%, announced last week it has reached a deal to sell more than 80% of its output to Tohoku Electric Power Company. Chevron Australia Managing Director Roy Kryzwosinski said the project will produce its first gas in 2016. The Japanese electricity...