Kuwait to Sign $12 bn LNG Deal With Shell

Kuwait Petroleum Corp (KPC) on Sunday said it has would sign a $12 billion six year LNG deal with Shell, reports news agency Reuters.

It was not immediately clear if the contract was the same as an LNG supply deal between Kuwait Petroleum Corp and Shell reported last month in a Kuwaiti newspaper, says Reuters.

KPC officials were not immediately available for comment to the news agency.

A statement by KPC said Oil Minister Ali al-Omair had received a delegation from Shell to sign the contract but did not provide the volume.

Last month, Kuwait signed an LNG deal with Qatargas under which the KPC will import LNG till the end of 2014.