Bp Kuwait News

Kuwait signs $3 bln LNG Deal with BP

Kuwait's state oil group said it signed a five-year liquefied natural gas (LNG) supply deal with BP on Tuesday, worth an estimated $3 billion, the Gulf state's second energy import deal this week. Kuwait Petroleum Corp (KPC) signed a $12 billion LNG supply deal with Royal Dutch Shell on Sunday. Kuwait expects to import a total of around 2.5 million tonnes of LNG per year over the next few years through such contracts, said Nasser al-Mudaf, head of KPC's international marketing division. Reporting by Ahmed Hagagy and Sylvia Westall