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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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.
KPC, via its subsidiaries, is also in charge of the entire gas sector.
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).
Electricity prices used to be very low: in 2015, they were at around US$0.3c/kWh for industrial consumers and US$0.7c/kWh for residential consumers. In 2016, the parliament passed a law which allowed the government to considerably increase electricity prices.
Per capita consumption is very high, at 8.0 toe in 2018, with electricity accounting for around 13.7 MWh/capita.
Total energy consumption grew very rapidly between 2000 and 2012 (4.8%/year on average) and has remained quite stable since then (34 Mtoe in 2018).
Oil and gas each covered 44% and 56%, respectively, of the country's energy needs in 2017.
Issues & Prospects
Kuwait has expressed the aim of increasing its crude oil capacity, which stood at around 3.0 mb/d in 2019 to 4 mb/d in 2020. This means that KOC would have to increase its crude capacity up to 3.65 mb/d, while the rest would be expected from the divided zone. In November 2019, the country considered the eventuality of reducing its target to 3.125 mb/d in 2020.
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
Below is a list of the Kuwait energy market report graphs:
- GRAPH 1: CO2-energy emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2018, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2018, %)
- GRAPH 5: Gasoline & diesel prices (US$/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).
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