Kuwait to host EU-GCC en­ergy event in Oc­to­ber

Gas pro­duc­tion will rise to 510 mil­lion cu­bic feet

Kuwait Times - - LOCAL -

A two-day event on “En­ergy Ef­fi­ciency: A Key Driver for Clean En­ergy Tran­si­tion” will take place in Kuwait, on Oc­to­ber 2-3 un­der the pa­tron­age of Min­is­ter of Oil and Min­is­ter of Elec­tric­ity and Water Es­sam AlMar­zouq. It is or­ga­nized by the Euro­pean Union and the Gulf Co­op­er­a­tion Coun­cil (EU-GCC) Clean En­ergy Tech­nol­ogy Net­work in part­ner­ship with the Kuwait So­ci­ety of En­gi­neers and the Pub­lic Au­thor­ity of Ap­plied Ed­u­ca­tion and Train­ing, said the or­ga­niz­ers in a press re­lease.

The aim of the event is to fos­ter part­ner­ships by bring­ing to­gether high-level stake­hold­ers from the EU and the six-mem­ber GCC to dis­cuss En­ergy Ef­fi­ciency and Cool­ing Tech­nolo­gies suit­able for the re­gion, ex­change best prac­tices and lessons learned and to ad­vance col­lab­o­ra­tion be­tween EU and GCC ac­tors.

The EU-GCC Clean En­ergy Net­work ini­ti­ated its ac­tiv­i­ties in 2010, as a re­sponse to the com­mon EU-GCC in­ter­est for strate­gic clean en­ergy co­op­er­a­tion. The Net­work aims to catal­yse and co­or­di­nate co­op­er­a­tion on clean en­ergy, in­clud­ing pol­icy and tech­nol­ogy as­pects among stake­hold­ers in the EU and GCC coun­tries. In De­cem­ber 2015, the EU launched the sec­ond phase of the “EU-GCC Clean En­ergy Net­work II” project aim­ing at fur­ther de­vel­op­ing the ac­tiv­i­ties of the Net­work and at sup­port­ing its mid-term sus­tain­abil­ity. The Net­work tar­gets stake­hold­ers from both the GCC and the EU, in­clud­ing en­ergy au­thor­i­ties and pol­icy mak­ers.

Gas pro­duc­tion

In other news, Mar­zouq an­nounced that Kuwait Pe­tro­leum Cor­po­ra­tion (KPC) and its af­fil­i­ates plan to ratchet up free gas pro­duc­tion ca­pac­ity to 510 mil­lion cu­bic feet and in­crease light oil out­put to 200 thou­sand bar­rels per day (bpd) by De­cem­ber.

Speak­ing to the press, Mar­zouq said that ca­pac­ity would be en­hanced through three pro­duc­tion units to be con­fig­ured soon, all of which will churn out 100 cu­bic feet of free gas and 40,000 bpd of light oil. Mar­zouq, who dou­bles as Min­is­ter of Elec­tric­ity and Water, pointed out that Kuwait has col­lab­o­rated with rep­utable gas ex­plo­ration and pro­duc­tion com­pa­nies to help meet the coun­try’s ris­ing need of nat­u­ral gas, as tem­per­a­tures soar dur­ing the sum­mer. He added that Kuwait, through co­op­er­a­tion with staunch ally Saudi Ara­bia, was “ea­ger to de­velop its gas fields in or­der to boost pro­duc­tion ca­pac­ity.”—KUNA

Oil Min­is­ter Es­sam Al-Mar­zouq

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