Increase in production to greatly limit import expenses
KUWAIT CITY, Jan 24: 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.