Directional impact on forecast:
Upbeat for Kuwait’s gas production
The importance of non-associated gas in Kuwait’s energy mix is set to grow even further, helped by rising production from the country’s Jurassic fields. Consequently, Kuwait’s LNG demand will take a hit, which could adversely impact plans to boost its regasification capacity.
In September, Kuwait Oil Co. (KOC) announced the completion of the second phase of its Jurassic Gas Project (JGP), which involved implementation of three early production facilities (EPFs). The first EPF came online in...