29 September 2023
Gulf stream: Kuwait goes big on LNG – but what about renewables and hydrogen?
Publication date: 22 October 2021
Gas Strategies Group
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Kuwait is synonymous with oil, but the Gulf state of 4 million inhabitants is ramping up LNG imports to meet its growing gas needs and reduce its carbon emissions. Its 22 mtpa Al-Zour onshore terminal, which received a commissioning cargo in July, will be one of the world’s largest when it begins operating at full capacity, and while market observers have expressed surprise at Al-Zour’s size, Kuwait hopes a bigger share for LNG in power will free up more oil for exports. But with the global drive for clean energy picking up pace and its renewables capacity slow to grow, can Kuwait diversify its export economy away from oil?