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Transactions - DECEMBER 26, 2017

Kuwait signs contract with Royal Dutch Shell

by Andrea Waitrovich

Kuwait Petroleum Corp. has signed a 15-year deal with Royal Dutch Shell Plc for liquefied natural gas.

The sales purchasing agreement with Shell International Trading Middle East Ltd will start in 2020.

The contract will cover 2 million to 3 million metric tons of LNG a year.

Shell has supplied Kuwait with LNG since 2010 and declined to disclose the volumes in the new contract.

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