Kuwait energy report

• Kuwait aims to meet at least 15% of its electricity needs from renewables by 2030.
• MEW controls electricity transmission, distribution, and most of generation through one large IPP.
• KPC is the only operator in the hydrocarbon sector.
• Power generation is almost entirely thermal.
• Oil production has been relatively stable between 2017 and 2019, while gas production progressed rapidly until 2019.
• The Government started to cut energy subsidies in 2015.
• Oil product prices in Kuwait are among the cheapest in the world.
• Per capita consumption is among the top 10 highest in the world.
• Gas is the main energy source in the energy mix.
• The country plans to reach an oil capacity of 4 mb/d in 2030, which will imply total investments of US$500bn.
• It also plans to significantly increase its power capacity.

• 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 5^th in the world.

• Energy Prices

  Oil:

  Prices for road fuels are among the lowest in the world (ranking in the top 5) as they are heavily subsidised. In 2015, the government started to remove part of these subsidies.

• 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.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY COMPANIES
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

Below is a list of the Kuwait energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2020, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2020, %)
• GRAPH 5: Gasoline & diesel prices (US$/l)
• GRAPH 6: Consumption trends by energy source (Mtoe)
• GRAPH 7: Total consumption market share by energy (2020, %)
• GRAPH 8: Final consumption market share by sector (2020, %)

In the Kuwait energy market report you will find the following tables:

• Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO₂ emissions.
• Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
• Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
• Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.