Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
US AI to power gas growth
Datacentres to drive demand for gas and position the fuel as more than just a bridging solution
OPEC++, the sequel, has arrived
It is time to acknowledge that the US-Saudi Arabia nexus is driving a fundamental shift in OPEC strategy
Europe enjoys temporary respite from high gas costs
More than anything else, weak Chinese gas demand is providing relief to EU consumers, but it is uncertain how long this relief will last
Gas may be bridge fuel for centuries
Energy majors argue transition debate has started to factor in the complexities of demand shifts and the wider role for gas
China’s pragmatic coal-to-gas strategy
A cautious approach to coal-to-gas switching offers lessons to others who are looking to balance cost with cleaner energy
Russia’s implausible gas strategy
The country may have the resources, but sanctions and a lack of market access make its gas ambitions look very questionable
Saudi-US energy ties adapt to multipolar world
Saudi Arabia and US relations can construct a new ‘field of dreams’, but opportunism may be the new rules of the game
Asia proves a growing draw for Gulf players
A newly formed joint venture between Saudi Aramco and Sinopec signals rising Gulf interest in the Asian market
LNG importers decry EU methane rules
Industry says compliance is near-impossible and have called for more clarity to prevent cargoes being redirected
Saudi Arabia and Kuwait home in on disputed Dorra field
With contract awards looming on the Kuwait-Saudi backed Dorra field, the long-stalled gas project appears finally to be gaining traction—despite Iranian objections
KPC claims capacity decline paints “an incomplete picture”
Kuwait Gas Saudi Arabia
Clare Dunkley
8 November 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Kuwait on defensive over capacity decline

KPC chief claims remediation is just around the corner, but his assessment appears improbably upbeat

Kuwait had been formally targeting oil production capacity of 4mn bl/d by 2020—including output from the Partitioned Neutral Zone (PNZ), shared with Saudi Arabia—for over a decade. Last year, the goal was quietly put back to 2040. But, buried in the Arabic-only annual report of its domestic upstream subsidiary Kuwait Oil Company (KOC), was a revelation that output capacity had shrunk by 177,000bl/d in the 12 months to end-of-March 2021, to less than 2.63mn bl/d—c.500,000bl/d less than that stated three years earlier. Near-perfect adherence to its Opec+ cuts appears to have masked a decay in the ability to pump the nation’s economic lifeblood. Kuwait Petroleum Corporation (KPC) CEO Hashem Has

Also in this section
US AI to power gas growth
3 June 2025
Datacentres to drive demand for gas and position the fuel as more than just a bridging solution
OPEC++, the sequel, has arrived
2 June 2025
It is time to acknowledge that the US-Saudi Arabia nexus is driving a fundamental shift in OPEC strategy
Europe enjoys temporary respite from high gas costs
2 June 2025
More than anything else, weak Chinese gas demand is providing relief to EU consumers, but it is uncertain how long this relief will last
Gas may be bridge fuel for centuries
30 May 2025
Energy majors argue transition debate has started to factor in the complexities of demand shifts and the wider role for gas

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search