CAPITALS: Kuwait has hired a liquefied natural gas (LNG) tanker to serve as an offshore terminal to help the country meet rising demand for gas from power plants during the summer months.The ship, Explorer, owned by Excelerate Energy and Exmar NV, arrived in Kuwait on March 28 with a cargo of LNG from Trinidad and Tobago, according to vessel tracking data compiled by Bloomberg. The tanker can convert LNG back to a gas."The Explorer will stay until autumn to receive LNG via ship-to-ship and to regas the LNG," said Andree Stracke, chief commercial officer of Excelerate, an LNG trading company based in The Woodlands, Texas, that's half-owned by RWE AG. "The vessel is under regas charter" to Kuwait National Petroleum Company (KNPC).Demand in Kuwait for gas from electricity generators during the summer months has outpaced the country's production of the fuel, according to the US Energy Department. KNPC could not be reached for comment.The country received an LNG cargo on April 11 from the tanker Express, also owned by Excelerate, according to Bloomberg vessel tracking data. The cargo was from Egypt, according to Stracke.Both tankers can carry as much as 150,900 cubic meters of LNG, or about 3.25 billion cubic feet when converted to a gas, according to Excelerate.Excelerate's Exquisite, which loaded an LNG cargo at Cheniere Energy Inc.'s Sabine Pass terminal in Louisiana on April 16, may bring the cargo to Kuwait, said Charles Martin, director of analysis at Waterborne Energy Inc., a Houston-based provider of LNG shipping data.Kuwait brought in 11 LNG cargoes last year, including five from Russia, according to Waterborne.
Source: AlWatanDaily
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