The Middle East’s largest import terminal for liquefied natural gas (LNG) is scheduled to open in March 2021.

Kuwait Integrated Petroleum Industries Co, which is a unit of state energy firm Kuwait Petroleum Corp, is responsible for selecting a company to operate and maintain Al-Zour for five years. It said it may make a decision in the coming weeks.

The Al-Zour terminal will mean Kuwait can receive 22 million tons of LNG (about 31 billion cubic metres) annually, which will almost double the region’s capacity.

The Government is yet to decide whether it will keep its floating storage and re-gasification unit, Golar Igloo, with a capacity of 5.8 million tons per a year, after the new terminal opens.

South Korea’s Hyundai Engineering & Construction Co and Korea Gas Corp won a $2.9 billion contract to build the terminal.

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16th September 2020