Kuwait says to sign $15b LNG supply deal with Shell
Published on May 11, 2014 10:26 PM
KUWAIT (Reuters) - Kuwait's state oil group said on Sunday it would sign a six-year liquefied natural gas (LNG) supply deal with Royal Dutch Shell estimated at US$12 billion (S$15 billion) as the major oil exporter seeks to meet energy demands for the hot summer months.
It was not immediately clear if the contract was the same as an LNG supply deal between Kuwait Petroleum Corp and Shell reported last month in a Kuwaiti newspaper.
KPC officials were not immediately available for comment.
In a statement KPC said Oil Minister Ali al-Omair had received a delegation from Shell to sign the contract. It did not provide the volume of the super-cooled gas that would be supplied by Shell.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here