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| Kuwait become net gas importer | |||
| 7 Aug 2009
: Kuwait’s first cargo of liquefied natural gas (LNG) has arrived at its terminal, making the oil-rich state a net importer of gas.The country’s decision to turn to LNG, a costly source of fuel, is a result of a severe gas supply crunch that has led to a shortage of electricity and made power cuts a fixture of summer months. Sohar LNG, an Oman-based gas carrier, was anchored at the site of Kuwait’s floating gas terminal at Mina Ahmadi yesterday, according to ship-tracking data compiled.A spokeswoman at Kuwait Petroleum Company (KPC) could not confirm whether the ship was unloading its gas. Officials say LNG is an interim solution to plug the summer deficit, when consumption of gas at power stations spikes. Domestic supplies under development by Kuwait Oil Company (KOC) will eventually supplant the imports, the government said in June when it signed a supply contract.But imports could be necessary for years to come, given the difficulty Kuwait will face in raising domestic production, said Raja Kiwan, an analyst at PFC Energy, a US-based consultancy. |
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