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Markets & Forecasts

Qatar-Kuwait deal sets tone for Gulf cooperation

The 15-year LNG supply deal between Qatar and Kuwait could in time lay the foundation for a Gulf Cooperation Council integrated gas market, centred around expanding Qatari supply in the region The 15-year LNG supply deal between Qatar and Kuwait could in time lay the foundation for a Gulf Cooperation Council integrated gas market, centred around expanding Qatari supply in the region.
By James Gavin 4 days ago Middle East & Africa / Supply & Demand 0 34933
Qatargas LNG plant. (Qatargas)

The key issue: Qatar struck a 15-year agreement with Kuwait in early January under which it will supply Kuwait Petroleum Corp. with 3 mtpa of LNG.

Qatar’s new long-term LNG supply deal with fellow Gulf state Kuwait expands on an existing relationship that has seen the latter buy an average of 1.5 mtpa of Qatari gas in the past five years. It could also in time lay the foundation for the forging of an integrated gas market among the Gulf Cooperation Council (GCC) states, centred...