Global LNG Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
Global LNG Hub
Home LNG Demand

Kuwait LNG Import to Rival Pakistan in Three Years

Editor by Editor
2 years ago
min read2 min
Kuwait LNG Import to Rival Pakistan in Three Years
Share on FacebookShare on TwitterShare on Linkedin

(Alex Siow, ICIS) Kuwait, with its upcoming 22mtpa Al-Zour terminal, is one of the most exciting LNG growth countries in the coming year. ICIS forecast Kuwait import to grow exponentially and will rival Pakistan import in three years. Spurred on by the country’s effective oil-to-gas switching policy, gas consumption nearly doubled in the past decade and is expected to continue to grow strongly in the coming years. The country currently imports less than 4 million tonnes of LNG per annum.

RELATED POSTS

Global gas supply to tighten in 2023

Global gas supply to tighten in 2023

4 weeks ago
Asian LNG prices are now at a $3/MMBtu premium to European LNG prices

Asian LNG prices are now at a $3/MMBtu premium to European LNG prices

1 month ago
European LNG imports rise to over 111 Million tonnes

European LNG imports rise to over 111 Million tonnes

1 month ago

Yet, Kuwait is not the first Middle East country to have gone down the road of oil-to-gas switching – mainly to generate power and to fuel industrial expansion – and will probably not be the last, as more Middle Eastern countries seek to retain oil-export revenue.

In terms of domestic gas production, Kuwait is expected to increase as gas fields expansion continue, notably the Jurassic gas project. ICIS forecast shows that LNG will play an increasingly important role, as soaring gas demand far outpaces rising domestic production in Kuwait. Pakistan gas production, on the other hand, will continue to decline as upstream spend falters. This is likely the biggest factor in driving Pakistan’s LNG imports in the coming years. Production decline has accelerated rapidly since mid-2019 and is yet to stabilise.

On the demand side, Pakistan is moving toward other fuels in its power sector, thus lowering gas consumption in power. However, its rapidly declining domestic gas production and latent direct gas demand are beginning to tip the scales back to growth. This is expected to push LNG imports closer to 8m tonnes in 2021 and 2022.

While a turn away from gas is already well underway in the power sector, several other sources of demand are moving to take its place. Fertilizer production already saw a year-on-year increase of 18% in the fiscal year ended 30 June 2020, as power producers lowered their offtake from domestic gas fields. Meanwhile, household consumption is prioritised and expected to continue to grow 4% annually as the country’s two distribution companies widen their networks. More gas could now also be made available to industrial consumers after several years of chronic supply shortages.

The introduction of third party access to one of the country’s two import terminals and the emergence of new buyers in the southern Sindh province, which were previously unable to buy LNG, are also promising signs of continued LNG demand growth into Pakistan.

Source: Alex Siow, ICIS

Tags: Alex SiowICISKuwait LNGLNG importsMiddle EastPakistan LNG
Editor

Editor

Related Posts

Global gas supply to tighten in 2023
LNG Contracts & Pricing

Global gas supply to tighten in 2023

4 weeks ago
Asian LNG prices are now at a $3/MMBtu premium to European LNG prices
LNG Contracts & Pricing

Asian LNG prices are now at a $3/MMBtu premium to European LNG prices

1 month ago
European LNG imports rise to over 111 Million tonnes
Infrastructure

European LNG imports rise to over 111 Million tonnes

1 month ago
The value of global LNG doubled in 2022
LNG Contracts & Pricing

The value of global LNG doubled in 2022

1 month ago
The Asian LNG premium makes a return
LNG Contracts & Pricing

The Asian LNG premium makes a return

2 months ago
Chinese LNG demand in 2023?
LNG Contracts & Pricing

Chinese LNG demand in 2023?

2 months ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

gas-prices

International natural gas prices – Cedigaz

4 weeks ago
Global gas supply to tighten in 2023

Global gas supply to tighten in 2023

4 weeks ago
LNG-prices

Weekly trend of natural gas and LNG prices – January 11

4 weeks ago
Load More

Recent Post

Weekly trend of natural gas and LNG prices – February 06

Weekly trend of natural gas and LNG prices – February 06

20 hours ago
Feedgas flows to Freeport LNG surge ahead

Feedgas flows to Freeport LNG surge ahead

3 days ago
LNG-prices

Weekly trend of natural gas and LNG prices – January 30

6 days ago
Natural gas prices down by over 40% across key gas markets

Natural gas prices down by over 40% across key gas markets

6 days ago
Spot LNG trade fell in 2022

Spot LNG trade fell in 2022

2 weeks ago
Global gas price correlation remains strong

Global gas price correlation remains strong

2 weeks ago
Load More

Online platform for sharing analysis and information on Global and regional LNG markets. Weekly newsletter each Wednesday more info

Categories

  • Asian LNG
  • Australian LNG
  • European LNG
  • Global LNG
  • LNG Africa
  • LNG Bunkering
  • LNG Latin America
  • LNG North America
  • LNG Projects
  • LNG Trade and Pricing
  • Middle East LNG
  • Small Scale LNG
  • FLNG

Recent Posts

Weekly trend of natural gas and LNG prices – February 06

Feedgas flows to Freeport LNG surge ahead

Weekly trend of natural gas and LNG prices – January 30

Energise your Wednesday!

Sign up to receive our weekly newsletter with new LNG market reports, presentations & analysis. Every Wednesday!

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalLngHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise Your Wednesday!

SIGN UP to receive our weekly newsletter with new LNG market reports, presentations & analysis. EVERY WEDNESDAY!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?