|24 January, 2019

Kuwait plans to expand production of gas

Kuwait aims to produce one billion cubic feet of free gas daily from non-associated fields in the northern neighborhood of Nawras by 2020

Image used for illustrative purpose. Sunset over the artificial lake at Al Shaheed Park with Kuwait City Skyline in the background, Kuwait City Kuwait - November 10, 2017.

Image used for illustrative purpose. Sunset over the artificial lake at Al Shaheed Park with Kuwait City Skyline in the background, Kuwait City Kuwait - November 10, 2017.

Getty Images/Emad Aljumah

KUWAIT CITY - Kuwait plans to expand production of gas in the coming period, with annual revenues of about 850 million dollars, reports Annahar daily quoting sources. The sources added, the increase in production will greatly limit the import expenses although the cost of increasing the production is relatively high. The sources stressed that Kuwait aims to produce one billion cubic feet of free gas daily from non-associated fields in the northern neighborhood of Nawras by 2020.

The sources pointed out that Kuwait is working on a number of projects, including the project of the early production unit 50, pointing out that the increase of free gas production is one of the strategic objectives of Kuwait and the oil sector in order to support sustainable development and clean energy, as well as the revenues.

The sources pointed out that Kuwait is seeking by 2040 to produce 4 billion cubic feet of free gas at an early stage if it succeeds in maintaining the current production quantities. Kuwait will produce more than 300,000 barrels per day of condensate, 3,000 tons of ethane and 3,000 tons of propane and butane. It will also produce 750 tons per day of sulphur that may be stored underground or exported.

© 2019 Arab Times Kuwait English Daily. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Business