LNG

March 22 (LNGJ) - Kuwait Petroleum Corp. (KPC) has signed a new long-term agreement for supplies of liquefied natural gas, said the Kuwaiti state news agency. It said the LNG volumes would help the Gulf nation meet rising natural gas demand for the power generation sector. The agreement was signed with Shell International Trading and will start in 2020. According to a previous provisional agreement, it would involve volumes of up to 3 million tonnes per annum for 15 years. Kuwait’s Mina Al-Ahmadi floating LNG import facility was the first to be set up in the Gulf region in 2009. KPC in April 2014 signed its first LNG deal with Shell to supply cargoes on a seasonal basis for five years.