The four year agreement is expected to help KPC meet the state of Kuwait’s energy demand as the state implements its development plans, which will require more clean energy supplies, including natural gas.
While KPC is following through on its plans for increasing local natural gas production and providing clean supplies of feedstock for the state’s power generation facilities, this supply agreement will help meet demand for gas during the interim period. The company believes that importing LNG to meet peak summer demand is a sustainable solution to help reduce emissions and improve local air quality.
Vitol said that the LNG supply contract reinforces its commitment to partner with KPC, as the company looks to meet its LNG supply requirements.
