Kuwait’s liquefied natural gas (LNG) imports is expected to rise by 17 % to 3m tonnes in 2015, up from 2.5m in 2014, boosted by the fuel’s growing competitiveness with gas oil, reported Reuters.
According to Zawya, Kuwait is a seasonal LNG importer, leasing a floating storage and regasification unit (FSRU) from a Norwegian shipping company, Golar LNG for peak energy demand period from March to November.
Kuwait Petroleum Corporation’s (KPC) Manager for Naphtha, Mogas and LPG Sales, Khaled Al-Sabah said that the extension of the lease, which was due to expire in 2019, to cover additional months, is being explored.
Al-Sabah added that the use of both floating and land-based terminals was being studied with an ambitious plan to expand Kuwait’s power capacity. The operation of the onshore LNG-terminal is due to start in 2020.