Kuwait to be centre of increasing LNG imports as large onshore terminal continues commissioning
Kuwait Integrated Petroleum Industries Co. (KIPIC) has unloaded its first liquefied natural gas shipment at the Arab state’s onshore Al-Zour import terminal, the largest in the Middle East, and constructed to provide fuel and power to the refining and petrochemicals industries.
Kuwait LNG progress
May 22 (LNGJ) - Korea Trade Insurance Corp. (K-Sure) said it would underwrite the construction of the proposed Kuwait onshore LNG import terminal to the tune of US$1.15 billion. The South Korean companies Hyundai Engineering and Korea Gas Corp. formed a consortium and secured the construction contract for the facility to be completed at the Gulf state’s Al-Zour industrial zone by 2020. Kuwait National Petroleum Co currently imports LNG via a floating facility at the port of Mina Al-Ahmadi, located south of Kuwait City.
