ROME: Kuwait liquefied natural gas (LNG) imports are on track to rise around 17 per cent to 3 million tonnes in 2015, boosted by the fuel’s increased competitiveness with gas oil, an executive from Kuwait Petroleum Corporation (KPC) said on Friday.
The Gulf Arab state imported around 2.5 million tonnes in 2014 via its floating import terminal, which it leases for the peak energy demand months from March to November, with an option to extend over additional months.
Speaking on the sidelines of the CWC World LNG Summit, Khaled Al-Sabah, manager for naphtha, mogas and LPG sales, said the option to extend the lease on the floating import terminal, due to expire in 2019, was being “explored”.
