Kuwait consolidates dependence on energy imports
In depth
Issue 966
- 20 Mar 2014
| 7 minute read
On 4 March, Swiss-registered engineering firm Foster Wheeler announced that it had won the initial design contract for a new onshore liquefied natural gas (LNG) import and regasification terminal for the Kuwait National Petroleum Company (KNPC). The award, which follows feasibility studies for the new terminal, underlines Kuwait’s persistent failure to develop domestic resources, and seems to bury Kuwait’s hopes of securing a regional supply of gas to meet soaring demand.Kuwaiti electricity demand and consumption have tripled since the end of the 1990-91 Gulf War, a problem that is replicated across the Gulf, where generous subsidies have spawned a culture of wasting energy.
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