Kuwait Operates Fifth LNG Line at Mina al-Ahmadi Refinery

 Part of the fifth liquefied gas pipeline project at Mina al-Ahmadi refinery. (Kuna)
Part of the fifth liquefied gas pipeline project at Mina al-Ahmadi refinery. (Kuna)
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Kuwait Operates Fifth LNG Line at Mina al-Ahmadi Refinery

 Part of the fifth liquefied gas pipeline project at Mina al-Ahmadi refinery. (Kuna)
Part of the fifth liquefied gas pipeline project at Mina al-Ahmadi refinery. (Kuna)

Kuwait National Petroleum Company (KNPC) said Thursday it was operating a fifth liquefied natural gas (LNG) line at Mina al-Ahmadi refinery.

KNPC CEO Waleed al-Bader said the line adds 805 million standard cubic feet (mn ft3) to the company’s capacity and 106,000 barrels of condensates, an increase of about 30%.

The total capacity of the five lines combined will be 3.125bn ft3/day and 332,000 barrels of condensates

This step reflects the company’s goal to expand profitable derivatives that comply with the requirements and environmental standards of global markets.

Gas derivatives are considered the company’s best products in terms of being eco-friendly and very profitable, Bader said, adding that the project provides work opportunities for national cadres.

Chairman of Mina Al-Ahmadi Refinery Shujaa al-Ajmi, for his part, said the project works on treating natural gas extracted from oil wells, as well as producing methane, ethane, propane and butane gases and natural gasoline.

He said it includes a secondary unit that produces clean fuel gas, bolstering safety levels.

He pointed out that it was operated successfully despite delays in equipment importing and difficulties in providing specialized technicians due to the pandemic.

Acting chairman Ghanim al-Otaibi said that this large-scale project required, at one point, 6,900 workers on site, and a total of 57 million working hours, ruling out any dangerous accidents as a result of the applied safety measures.

He said the company is keen to incorporate local businesses in the project, as the private sector's share comprised 20% of the total cost, adding that local companies also participated in importing equipment and construction work.



Biden Admin Delays Enforcement of Order Blocking Nippon Steel, US Steel Deal

FILE PHOTO: The logos of Nippon Steel Corp. are displayed at the company headquarters in Tokyo, Japan March 18, 2019. REUTERS/Yuka Obayashi/File Photo
FILE PHOTO: The logos of Nippon Steel Corp. are displayed at the company headquarters in Tokyo, Japan March 18, 2019. REUTERS/Yuka Obayashi/File Photo
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Biden Admin Delays Enforcement of Order Blocking Nippon Steel, US Steel Deal

FILE PHOTO: The logos of Nippon Steel Corp. are displayed at the company headquarters in Tokyo, Japan March 18, 2019. REUTERS/Yuka Obayashi/File Photo
FILE PHOTO: The logos of Nippon Steel Corp. are displayed at the company headquarters in Tokyo, Japan March 18, 2019. REUTERS/Yuka Obayashi/File Photo

The Biden administration will hold off enforcing a requirement laid out in an executive order this month that Nippon Steel abandon its $14.9 billion bid for US Steel, the companies said on Saturday.

US President Joe Biden blocked Nippon Steel's planned acquisition of US Steel on national security grounds on Jan. 3, and his Treasury Secretary Janet Yellen said this week that the proposed deal had received a "thorough analysis" by interagency review body, the Committee on Foreign Investment in the United States.

The delay will give the courts time to review a legal challenge brought by the parties earlier this month against Biden's order. The parties previously had 30 days to unwind their transaction, Reuters reported.
"We are pleased that CFIUS has granted an extension to June 18, 2025 of the requirement in President Biden's Executive Order that the parties permanently abandon the transaction," the companies said in a joint statement.
"We look forward to completing the transaction, which secures the best future for the American steel industry and all our stakeholders," they said.
US Steel and Nippon Steel alleged in a lawsuit on Monday that the CFIUS review was prejudiced by Biden's longstanding opposition to the deal, denying them of a right to a fair review. They asked a federal appeals court to overturn Biden's decision to allow them a fresh review to secure another shot at closing the merger.
The US Treasury secretary chairs the CFIUS panel, which screens foreign acquisitions of US companies and other investment deals for national security concerns. CFIUS normally decides directly on cases or submits recommendations to the president, but in the US Steel-Nippon Steel case, the panel failed to reach consensus on whether Biden should to approve or reject it, leaving the decision to him.
Both Biden and his successor, Republican Donald Trump, had voiced opposition to the Japanese company acquiring the American steelmaker as the candidates courted union votes in the November election won by Trump.
CFIUS has rarely rejected deals involving the Group of Seven closely allied countries, which include Japan.