Tuesday 13 May 2014

Kuwait signs $3bn deal to buy gas from BP - Al Arabiya News

Kuwait signs $3bn deal to buy gas from BP - Al Arabiya News:



"Kuwait signed a five-year liquefied natural gas (LNG) supply deal with BP on Tuesday, worth an estimated $3 billion, as it seeks to meet rising energy demand to power air conditioning during scorching Gulf summers.



Kuwait, a major OPEC oil producer, already signed a $12 billion LNG supply deal with Royal Dutch Shell on Sunday and will also import gas from fellow Gulf state Qatar.



The BP deal, signed by state-run Kuwait Petroleum Corp (KPC), will help Kuwait run its power plants through the hottest time of the year."



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