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Qatar/Kuwait: Gas deal revives hopes of Gulf energy co-operation
The long-term liquefied natural gas (LNG) supply deal signed by Qatar Petroleum (QP) and Kuwait on 5 January could serve as a landmark moment in the region’s faltering progress towards a Gulf-wide energy network. The deal covers the delivery of 3m tonnes a year (t/yr) of gas over 15 years from 2022, double the 1.5m t/yr that Kuwait currently buys from Qatar. Fiscal terms remain confidential, but it looks a robust deal for both sides.
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