The latest news about kuwait cargo in the energy storage industry

What is Kuwait doing in 2040?

Kuwait is also focusing on ramping up gas production as part of its 2040 growth strategy. (File photo) Kuwait Integrated Petroleum Industries Company (KIPIC) announced on Monday it had received its first LNG shipment at Al-Zour import terminal, as the facility prepares to start operating its permanent units soon, state news agency KUNA reported.

Why is Kuwait focusing on gas production in 2040?

Kuwait has been increasingly relying on imported gas to meet local power demand, especially during summer when air conditioning usage soars, but it is also focusing on ramping up gas production as part of its 2040 growth strategy.

How many BCM a year will Kuwait get LNG?

Kuwait signed a 15-year agreement with Shell and Mitsui in 2020 to secure a total of 8 bcm/year of LNG until 2035, and another set of contracts with Qatar Petroleum and Qatargas running from 2022 to 2037 for 8 bcm/year. Register now to subscribe to our informative monthly, weekly or daily Newsletters.

What does the clean fuel project mean for Kuwait?

The Clean Fuel Project is adding 800,000 bpd to Kuwait’s refining capacity and Al Zour Refinery an additional 615,000 bpd. This represents a big opportunity for us. We have a fleet of 31 vessels, including 11 VLCCs [very large crude carriers], five LPG carriers and two bunker vessels.

Which battery energy storage projects have been successful in Western Australia?

2.6GWh of utility-scale battery energy storage projects have been successful in Western Australia’s first Capacity Investment Scheme tender. Energy storage developer Energy Vault is set to fully acquire the 125MW/1GWh Stoney Creek battery energy storage system (BESS) in New South Wales, Australia, from Enervest Group.

What's going on at the Energy Storage Summit Australia 2025?

NSW’s BESS pipeline, PHES in Tasmania and the ‘home of utility-scale storage’ were discussed at the Energy Storage Summit Australia 2025. ESN Premium discusses the ongoing adaptation of EV battery lines to stationary storage applications with Jaehong Park, CEO of LG ES Vertech.