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  • 23-10-19

    GlobalData: Kuwait Petroleum Corporation to reach 8 percent capacity share by 2023

    (MENAFN) According to GlobalData, a leading data and analytics company, Kuwait Petroleum Corpoartion is expected to lead LNG regasification capacity additions by 8percent capacity share from new-build (planned and announced) projects between 2019 and 2023.

    The company's report, H2 2019 Global Capacity and Capital Expenditure Outlook for LNG Regasification Terminals India Continues to control Global Regasification Capacity Additions and Capex Spending, reveals that Kuwait Petroleum Corp has the highest LNG regasification capacity additions globally among companies with 1.2 trillion cubic feet (tcf) by 2023.

    The Oil and Gas Analyst at GlobalData, Adithya Rekha, pointed out that the entire regasification capacity additions of KPC comes from the proposed Al-Zour LNG regasification terminal in Kuwait.She noted, "This planned offshore terminal is expected to start operations in 2020 with a capacity of 1.2 tcf,"

    MENAFN2310201900450000ID1099167351

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