Latest News
- Kuwait Amir Receives UN Sec-Gen Guterres
- Team To Inspect New Airport's Solar Panel Installation
- Amir Of Kuwait Enacts Decree Forming A New Government
- Former MP’s Secretary Jailed For 5 Yrs For False Pledges
- MoE New App To Help Teachers Address Fingerprint Issue
- The Increased Daylight Hours Begin On Sunday
- Municipality Cracks Down On Illegal Land Occupation
- Three Cable Theft Suspects Arrested By Security Officials
- Al-Liyah Road Fatal Collision Left One Dead And Another Injured
- Body Found At Khaitan Park
- MoH: Qualiified Nursing Staff Improve The Healthcare System
- Public Authority For Manpower Streamlines Processes With Electro...
Knpc Requests Extension Of Contract With Golar Lng Co Worth $46.9 Mln
Kuwait National Petroleum Corporation (KNPC) has requested for extension of the lease contract for the floating plant to evaporate liquefied gas and pump it to the Mina Al-Ahmadi Refinery and other power plants network as per the new one year contract signed with Golar LNG starting from March 2, 2019 until March 1,2020, reports Al-Anba daily quoting oil sources.
The value of the contract is KD 14.2 million, equivalent to $46.9 million, sources said, noting the second extension of the contract came after the delay in the launch of the new contract.
The extension of the contract coincides with Kuwait’s implementation of the permanent facilities for the import of liquefied natural gas in southern Zour region, which is expected to be completed by 2020/2021.
In August 2013, KPC had signed a $212 million contract with Golar to provide a floating plant to evaporate the liquid gas imported through the vessels to be pumped through the Mina Al-Ahmadi Refinery to power plants.
Sources said the floating gas plant arrives in Kuwait in April each year and continues to work in September or October, indicating the capacity of this plant is 170,000 cubic meters, and at the peak time, the plant can pump about 700 million cubic feet of gas per day.
The average import rate for liquefied natural gas (LNG) shipments starts at 5 shipments in March, rising to 6 in April, to 7 shipments per month in May, with an average of 10 shipments per month during the rest of the month; June, July, August, September and October, it said.
Sources pointed out that KNPC through these contracts is implementing its strategy in the transition to the provision of petroleum products compatible with environmental requirements, believing in the need to actively contribute to the preservation of the local environment, while providing the domestic needs of petroleum products to Kuwait and some other markets
Trending News
-
AstraZeneca Admits Covid Vaccine Can Cause Rare Si...
29 April 2024
-
Kuwait Unveils Monumental Solar Energy Project For...
06 May 2024
-
Ministry Systems Hacked, Electricity Bills Altered
11 May 2024
-
Ministry Of Health Amend 'nature Of Work' Allowanc...
28 April 2024
-
Gulf Electrical Interconnection Project Will Boost...
04 May 2024
-
Expatriates Caught On Video Stealing Electricity W...
11 May 2024
-
In 3 Months, Kuwaitis And Expats Bought 4 Tons Of...
01 May 2024
-
Kuwait Banks Seek Clarity From Central Bank On Cit...
04 May 2024
-
Kuwait Cracks Down On Bachelors
02 May 2024
-
Kuwait Organizes 30 Events To Protect Children Fro...
04 May 2024
Comments Post Comment