BMI View: Gas-fired electricity generation will make up the bulk of Kuwait’s planned investment in new generating capacity over the coming years. Plans to move towards nuclear energy were largely abandoned in the wake of the Fukushima disaster, and while oil currently accounts for a significant portion of the country’s electricity generation, it is the government’s goal to make more of its oil available for export, even if this leads to an increased reliance on imported gas. Building new capacity is likely to become a greater priority in the years ahead, as power consumption runs up against available capacity. However, …
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