KUWAIT

Kuwait Signs New LNG Import Contracts

Kuwait has signed 2.5mn tons/year worth of LNG supply deals with BP and Shell and is set to sign an additional supply contract in the coming days. Ballooning gas demand, and botched domestic upstream development, mean LNG imports will keep rising despite significant undeveloped domestic reserves.

At least some of the new volumes will likely be sourced from nearby Qatar, given Shell’s 30% stake in the 7.8mn t/y Qatargas 4 train.

While...