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Kuwait Not Happy with Qatar Terms for LNG
Kuwait is still in talks with Qatar to import liquefied natural gas (LNG) but is not happy with the proposed terms of agreement, Kuwait's Oil Minister said. "Talks with Qatar are still ongoing. Whenever they want to improve the terms of agreement, we are listening," Sheikh Ahmad AlـAbdullah AlـSabah told reporters at parliament. Asked if he was happy with the terms by Qatar so far, he said: "No, we are not." "When you want to buy something you look for the best conditions that suits you. That's what we found with Shell," he added, declining to elaborate. Stateـrun Kuwait Petroleum Corp (KPC) signed a deal with Royal Dutch Shell to import LNG starting this summer needed from power generation.
But Kuwait has also been talks withGulf Arab neighbor Qatar to import LNG to meet the summer shortfall.
Kuwait has one of the highest per capita power consumption rates in the world. It experiences peak gas demand in the summer when gasـfired power stations strain to meet demand for air conditioning as temperatures peak. ـReuters, AlWatan
