Kuwait Energy Market Report

Institutions & Energy Policy
The Ministry of Oil has been responsible for the activities related to oil, electricity and water ...

Energy Companies
Energy companies active in the market (production, import, export, distribution, refineries, LNG terminals) in the oil, gas, coal and power sectors.

Energy Supply
Reserves: Kuwait has more than 14 Gt of oil reserves (more than 100 Gbl, which is just under 8% of the world’s reserves), including half of the 5 Gbl of the Neutral Area shared with Saudi Arabia, meaning it ranks 5th in the world

Prices
Details of energy prices and taxes levels and evolution, by energy and by sector (oil, power).

Consumption
Per capita consumption is very high and in 2010 reached 12 toe (+14% compared to 2009), with electricity accounting for 15 700 kWh.

Issues & Prospects
Oil : Over the coming years Kuwait plans to invest $87bn in the sector in order to raise production to 3.65 mb/d by 2020 and maintain this level until 2030...

2010 Key data & Graphs

• Economic indicators: population, growth, etc.
• Supply indicators: reserves, capacity, production, external trade (per energy)
• Demand indicators: consumption per capita, total consumption, final consumption (per energy and per sector), energy security, energy efficiency, CO2 emissions
• Energy Balance : total and per energy