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Tuesday, February 28, 2006

New Gas Source in Kuwait

Kuwait has made its first, major natural gas discovery at an onshore field in its northern territory, senior oil executives said Monday.
Official estimates of the amounts of gas found were expected to be released soon.
Kuwait badly needs natural gas to meet the rising fuel demands of it electrical power plants and desalination stations, and to further grow its booming petrochemical industry.

For now Kuwait has signed deals to import it from Iraq, Iran, and Qatar.
The most likely deal would involve Iraq shipping gas from its southern fields through an existing pipeline that the two nations once shared.
Kuwaiti Energy Minister Sheikh Ahmed Fahed al-Sabah has said he hopes the Iraqi natural gas deliveries could start as early as the end of 2006.
Also president Mahmoud Ahmadinejad said in Tehran his talks with the Amir of Kuwait HH Sheikh Sabah Al-Ahmad Al-Sabah in Kuwait earlier Monday dealt with shipping gas and water from Iran to Kuwait, in addition to activating memoranda of understanding.

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