Is Kuwait a laggard in the energy transition?

Kuwait, Opec’s fifth-largest oil producer but long a laggard in the energy transition, is taking steps to catch up with its neighbouring Gulf states and ease reliance on falling oil revenues.

Does Kuwait have a renewables market?

Electricity is also heavily subsidised, which has limited the development of Kuwait’s renewables market. Kuwait holds about 7 percent of global oil reserves and has one of the lowest crude oil production costs of around $10 per barrel.

Why does Kuwait have a power outage?

Kuwait holds about 7 percent of global oil reserves and has one of the lowest crude oil production costs of around $10 per barrel. But despite the windfall from oil, the country suffers from power outages amid growing electricity demand and lack of infrastructure maintenance, Alajmi said.

Will Kuwait produce green hydrogen by 2032?

Kuwait anticipates producing green hydrogen at competitive costs, estimated between $3.22 and $4.41 per kilogram, by 2032. But to succeed, Kuwait will need to convince investors that it has dealt with slow decision-making and demonstrate an ability to move projects forward, analysts say.

Is slow decision-making one of Kuwait's biggest challenges?

Analysts say slow decision-making is one of Kuwait’s biggest challenges. In May, Kuwaiti Emir Meshal Al-Ahmed Al-Jaber Al-Sabah dissolved the opposition-dominated parliament, raising hopes that major projects can move forward.