Directional impact on forecast:
Positive for Kuwait’s gas production
Kuwait’s LNG imports have recently been buoyed by an influx of Qatari cargoes. However, Kuwait has been taking steps to boost its non-associated gas production to reduce its dependence on associated output and imported LNG. Consequently, the country has accelerated exploration and production at Jurassic non-associated gas fields, and this is already having an impact on its overall gas output.
Political hurdles have delayed Kuwait’s Jurassic gas development, but the regulatory challenges seem to have abated...