77%
share of gas in power mix (2020)
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This analysis includes a comprehensive Kuwait energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2020 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
77%
share of gas in power mix (2020)
~50%
power capacity increase since 2010
~5.4%
yearly growth in power consumption over 2010-2020
Abstract
Institutions & Energy Policy
The Ministry of Oil is responsible for overseeing activities related to oil and gas (upstream and downstream).
The Ministry of Electricity and Water (MEW) is responsible for the electricity sector. It is in charge of tenders in the power sector, as well as development of new energy sources.
Energy Companies
Gas:
KPC, via its subsidiaries, is also in charge of the entire gas sector.
Energy Supply
Resources:
Kuwait has around 14 Gt of oil reserves (102 Gbl, end of 2020, including half of the 5 Gbl of the Neutral Area shared with Saudi Arabia). The largest share of those reserves is located in the area of Burgan (considered to be the second largest oil field in the world, after Ghawar in Saudi Arabia). With about 7% of the world's conventional oil reserves, the country ranks 5th in the world.
Energy Prices
Electricity:
Electricity prices used to be very low: in 2015, they were at around US$0.3c/kWh for industrial consumers and US$0.7c/kWh for residential consumers. In 2016, the parliament passed a law which allowed the government to considerably increase electricity prices.
Electricity prices were increased substantially in 2017 for commercial customers.
Energy Consumption
Per capita consumption is very high, fluctuating around 8.5 toe since 2011 (in the world's top 10 highest), with electricity fluctuating around 15 MWh/capita since 2008 (also in the world's top 10).
Issues & Prospects
Oil:
KPC's strategy ambitions to reach a crude oil production capacity of 4 mb/d in 2030.
Below is a list of the Kuwait energy market report graphs:
In the Kuwait energy market report you will find the following tables:
The Kuwait energy market data since 1990 and up to 2020 is included in the Excel file accompanying the Kuwait country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Kuwait country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
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