Kuwait signs new economic agreement

Kuwait Oil Company (KPC) has signed an agreement with an international company to supply LNG to Kuwait for the long term, Kuwaiti Oil Minister Bakheet Al-Rashidi said.

The minister said on Thursday (March 22nd) that the agreement helps Kuwait Petroleum Corporation’s (KPC) electrical power plants to meet the growing demand for natural gas energy.

Kuwait seeks to import natural gas, in an attempt to implement its vision of preserving the environment.

Kuwait has already signed a similar agreement with Shell International for the importation of natural gas.