A major highlight from COP28 was the Global Stocktake (GST), a mid-term review assessing the world’s progress toward meeting climate goals
“Now we have the gas production, for which we will mainly need international companies,” said Shaikh Ahmed Al Fahad Al Sabah, a former oil minister. The oil sector is also currently studying the role of IOCs, he said.
Kuwait’s five-year plan involves boosting gas production to between 1.5 billion and 2 billion cubic feet a day by 2015 and raising oil production capacity above the current 3.1 million barrels a day. The country last month signed a deal with Royal Dutch Shell Plc to import liquefied natural gas to help fuel its power plants.
A major highlight from COP28 was the Global Stocktake (GST), a mid-term review assessing the world’s progress toward meeting climate goals
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