Kuwait hails first major gas find
AFP Reports AL-AHMADI, Kuwait (AFP) – Kuwait announced that it had made a major gas find in the north of the emirate that promised to sharply reduce its dependence on imports from the other Gulf states. “We can say now that Kuwait has entered the world of natural gas,” Energy Minister Sheikh Ahmad Fahd al-Sabah […]
AL-AHMADI, Kuwait (AFP) – Kuwait announced that it had made a major gas find in the north of the emirate that promised to sharply reduce its dependence on imports from the other Gulf states.
“We can say now that Kuwait has entered the world of natural gas,” Energy Minister Sheikh Ahmad Fahd al-Sabah told reporters.
He said the gas was “free” meaning it was not associated with crude oil and that reserves at the fields christened Um Niga-1 and Sabriya were estimated at 35 trillion cubic feet (one trillion cubic metres).
Sheikh Ahmed said the gas find was of vital strategic importance to the emirate and would make it virtually independent of the gas supply deals it had sought to reach with producers like Iraq, Iran and Qatar.
Rest of article HERE