The 15-year LNG supply deal between Qatar and Kuwait could in time lay the foundation for a Gulf Cooperation Council integrated gas market, centred around expanding Qatari supply in the region.5 days ago
Volumes surged via GreenStream but dropped dramatically on the MEG pipeline week on week, with total volumes down significantly on an annual basis.
Prices in Japan, China, South Korea and Taiwan closed the week at an average of $4.22/MMBtu compared with $8.31/MMBtu at the same point a year ago.
Kuwait has plans to increase domestic gas production in the coming years, but few expect the country to wean itself off LNG imports.
The country estimates it will need to raise its power generation capacity by almost 2 GW by 2025 in order to meet rising demand.
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The country’s decision to further expand its liquefaction capacity is a clear signal to competitors that it will vigorously defend its share of the LNG market.