Kuwait's KIPIC receives first LNG shipment - KUNA

Korea Petroleum Industries Co

12/07/2021 13:47

DUBAI, July 12 (Reuters) - Kuwait Integrated Petroleum
Industries Company (KIPIC) announced on Monday it had received
its first LNG shipment at Al-Zour import terminal, as the
facility prepares to start operating its permanent units soon,
state news agency KUNA reported.
    The 213,000 cubic metres shipment arrived on a Qatari
tanker, the agency said citing a company spokesperson, adding
that a second shipment will arrive on a 217,000 cubic metres
vessel, also from Qatar.
    Kuwait has been increasingly relying on imported gas to meet
local power demand, especially during summer when air
conditioning usage soars, but it is also focusing on ramping up
gas production as part of its 2040 growth strategy.
    Construction of Al-Zour 22 million tonnes per annum
(mtpa)terminal was to be completed in the first quarter of 2021,
but faced delays due to the pandemic.
    The terminal, owned by Kuwait Petroleum Corp (KPC) and
developed by KIPIC, will be the largest import terminal in the
Middle East, with eight storage tanks with a capacity of about
225,000 cubic metres and a regasification facility with a
capacity of three billion cubic metres of gas per day.
    The terminal was established to meet Kuwait's growing demand
for cleaner fuel to generate electricity as well as the needs of
natural gas consumers such as oil refineries and petrochemical
industries, according to KIPIC's website.
    
    

 (Reporting by Ahmad Elhamy, editing by Louise Heavens)
 ((ahmad.elhamy@thomsonreuters.com;))