Is Kuwait going to jump on the shale bandwagon? | Al Bawaba

Is Kuwait going to jump on the shale bandwagon? | Al Bawaba:

"Kuwait has announced it is conducting studies into the viability of extracting shale gas from recently identified reserves, although any commercial operation will likely be many years off.

Despite its extensive natural gas reserves – estimated to be around 1.8trn cu metres – Kuwait is a net importer of the hydrocarbon. This is due in part to growing demand for electricity, which rises by about 6-8% each year, according to the Ministry of Electricity and Water. Planned industrial expansion, including in the gas-hungry downstream petrochemicals sector, will add to the draw upon resources, Global Arab Network reports according to OBG.

A report prepared by online sectoral publisher Oilprice.com in mid-April said Kuwait’s shale gas potential had only recently come into focus, due to the past concentration on conventional oil reserves. Although the report noted that data on the extent of the shale gas reserves were limited at best, it cited geologists as saying initial studies indicated substantial resources both on- and off-shore.
"

'via Blog this'