Kuwait Signs Deal with Greece's DESFA on Liquefied Gas

Kuwait's KIPIC signs $106 million contract with Greek gas grid operator DESFA. KUNA
Kuwait's KIPIC signs $106 million contract with Greek gas grid operator DESFA. KUNA
TT
20

Kuwait Signs Deal with Greece's DESFA on Liquefied Gas

Kuwait's KIPIC signs $106 million contract with Greek gas grid operator DESFA. KUNA
Kuwait's KIPIC signs $106 million contract with Greek gas grid operator DESFA. KUNA

Kuwait has signed a six-year, $106 million contract with Greek gas grid operator DESFA for the group to operate a liquefied natural gas import terminal in the Gulf emirate, the state-run news agency KUNA reported on Thursday.

The LNG terminal, in the al-Zour area, will go into operation next year, the agency said, citing an official from state-owned Kuwait Integrated Petroleum Industries Company, which signed the deal.

Mahmoud Abul, KIPIC's deputy CEO for financial and administrative affairs, indicated that the recently signed deal included a clause that stipulated training of Kuwaiti workers and reaching 60 percent of operational work force in the future.

Al-Zour refinery project is part of the new Kuwait vision 2035 and falls within the strategy of the Kuwait Petroleum Corporation (KPC) to develop the industry in Kuwait.

Deputy CEO of al-Zour refinery Hatem Al-Awadhi commended the deal on Thursday, revealing that it will achieve the highest levels of operational security for the facility.

He expressed confidence that KIPIC will build strong relations with DESFA to create a solid and beneficial partnership.



Egypt Makes Progress in its Nuclear Energy Project

Construction work at the El-Dabaa nuclear power plant. (Egyptian Nuclear Power Plants Authority)
Construction work at the El-Dabaa nuclear power plant. (Egyptian Nuclear Power Plants Authority)
TT
20

Egypt Makes Progress in its Nuclear Energy Project

Construction work at the El-Dabaa nuclear power plant. (Egyptian Nuclear Power Plants Authority)
Construction work at the El-Dabaa nuclear power plant. (Egyptian Nuclear Power Plants Authority)

Egypt has reported significant progress in the construction of the El-Dabaa nuclear power plant in the country’s northwest, a project being developed in cooperation with Russia. The government announced on Tuesday that more than 20% of the project has been completed.

Egypt and Russia signed a cooperation agreement on November 19, 2015, to establish the nuclear power station at a cost of $25 billion, funded through a Russian government loan. The final agreements for El-Dabaa were signed in December 2017.

The plant will consist of four nuclear reactors with a total generation capacity of 4,800 megawatts, each producing 1,200 megawatts. The first reactor is scheduled to begin operations in 2028, with the remaining units coming online gradually as part of Egypt’s energy mix.

In its quarterly performance report, the Egyptian government stated that the project aligns with efforts to expand the peaceful use of nuclear energy within the national power grid.

President Abdel Fattah al-Sisi emphasized in November the importance of executing energy projects efficiently and on schedule, calling them a pillar of Egypt’s development strategy. He underscored the need to adhere to the project timeline while ensuring the highest standards of execution and workforce training.

Also in November, Prime Minister Mostafa Madbouly reaffirmed Egypt’s commitment to the project, stating that El-Dabaa would enhance renewable energy capacity and stabilize the national power grid.

In early March, Russia’s Atomstroyexport announced that construction on the second reactor at El-Dabaa had progressed ahead of schedule. According to the Egyptian Nuclear Power Plants Authority, the second tier of the inner containment structure had been installed at the reactor building.

Egypt experienced widespread power outages last summer, which ended in late July after securing sufficient fuel supplies for its power plants.

The El-Dabaa project is part of Egypt’s strategy to diversify its energy sources, generate electricity to meet domestic demand, and reduce reliance on imported gas and other fuels.

On Tuesday, the government also announced an additional 200 megawatts of private-sector solar power capacity as part of its efforts to expand renewable energy. Officials said the move would support energy diversification and advance the country’s sustainable development strategy.