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 2018 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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Abstract
Institutions & Energy Policy
The Ministry of Oil is responsible for overseeing activities related to oil and gas.
The Supreme Petroleum Council (SPC) manages the national oil industry and decides upon oil policies. The oil sector has been 100% public since 2003. The country is a member of OPEC.
Energy Companies
Oil:
KPC, Kuwait Petroleum Company is the only company operating in the oil sector. KPC operates through several subsidiaries: KOC and KNPC in Kuwait, KUFPEC, KPI and Q8 abroad.
Energy Supply
Resources:
Kuwait has around 14 Gt of oil reserves (101.5 Gbl), including half of the 5 Gbl of the Neutral Area shared with Saudi Arabia, which represents 7% of the world's conventional oil reserves, meaning it ranks 5th in the world (end of 2018).
Energy Prices
Oil:
In 2018, the prices of gasoline and diesel were US$0.36/l and US$0.40/l, respectively. The price of diesel increased significantly (multiplied by 2.6) in 2015. The price of motor fuels are now following international prices (by almost 30%). These prices remain among the cheapest in the world.
Graph: GASOLINE & DIESEL PRICES (US$/l)
Energy Consumption
Per capita consumption is very high, at 8.0 toe in 2018, with electricity accounting for around 13.7 MWh/capita.
Total energy consumption grew very rapidly between 2000 and 2012 (4.8%/year on average) and has remained quite stable since then (34 Mtoe in 2018).
Oil and gas each covered 44% and 56%, respectively, of the country's energy needs in 2017.
Issues & Prospects
Electricity:
To meet its growing power demand, the country is developing public-private projects, mostly through independent water and power projects.
- 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 (2018, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2018, %)
- GRAPH 5: Gasoline & diesel prices (US$/l)
- GRAPH 6: Consumption trends by energy source (Mtoe)
- GRAPH 7: Total consumption market share by energy (2018, %)
- GRAPH 8: Final consumption market share by sector (2018, %)
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.
The Kuwait energy market data since 1990 and up to 2018 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.
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