77%
share of gas in power mix (2020)
Kuwait energy report
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.
Update:
March 2022
Format:
2 files (PDF report, Excel file)
Pages:
27 (Report only)
Delivery:
Immediate by e-mail
Price:
890 €
Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.
After validation, you will immediately receive 2 files by email (one pdf report and one excel file containing the datasets).
Highlights
- 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.
~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$0.7c/kWh for residential consumers. In 2016, the parliament passed a law which allowed the government to considerably increase electricity prices.
Electricity prices were increased substantially in 2017 for commercial customers.
Energy Consumption
Per capita consumption is very high, fluctuating around 8.5 toe since 2011 (in the world's top 10 highest), with electricity fluctuating around 15 MWh/capita since 2008 (also in the world's top 10).
Issues & Prospects
Oil:
KPC's strategy ambitions to reach a crude oil production capacity of 4 mb/d in 2030.
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
Below is a list of the Kuwait energy market report graphs:
- GRAPH 1: CO2-energy emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2020, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2020, %)
- GRAPH 5: Gasoline & diesel prices (US$/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.
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:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Kuwait Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Kuwait energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).
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:
- New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
- Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.
Shopping cart
Your shopping cart is empty.
Secured payment by 
