Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
LNG
Qatar will sign a new 15-year deal to provide 2m mtpa of LNG to Kuwait starting 2025, Bloomberg said.
- This is the second deal between the gulf states and is aimed at easing the strain on power plants which had to cut output during the summer.
- Qatar is already Kuwait’s largest supplier and has an existing contract until 2035.
- Qatar has been expanding its long-term deals but is yet to tie up all capacity from its 64% production hike to 126m mtpa.
- Qatar plans to hit 142m mtpa by the end of the decade.
- Kuwait, whose domestic power demand is rising, boosted by soaring summer heats, expects its demand to hit 14m mtpa by 2035.
- Kuwait opened a 22m mtpa terminal in 2021, the first permanent LNG import terminal in the Persian Gulf.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok