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

  Gas:

  Gas production is increasing rapidly, by around 5%/year since 2010, reaching 19.6 bcm in 2020; it represents 77% of the country's gas consumption.

• 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

  Electricity:

  The public-private partnership programme is expected to cover about 7.5 GW of the 14 GW capacity increase over the next 20 years.

• 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.