Oil-rich Kuwait will begin producing free natural gas for the first time ever in December, but it will be for local consumption only, a senior official told the Kuwait News Agency on Sunday.
Farouk al-Zinki, chief executive of the state-owned Kuwait Oil Co., told the official news agency tha the company will initially pump 175 million cubic feet a day at the end of the year. He did not provide a date.
The company aims to reach a production rate of one billion cubic feet a day by 2015, said al-Zinki. That will cover only part of the country's need for gas, he said.
He did not elaborate, but Kuwait has been looking to import natural gas from Iraq, Iran and Qatar to use for generating electrical power and in petrochemical industries.
Monday, October 8, 2007
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