Middle East Economic Survey


No 16


Kuwait Follows Abu Dhabi Into Asia-Pacific LNG Investment

State-owned Kuwait Foreign Petroleum Exploration Company (Kufpec) and its partners expect to make a final investment decision in August on its participation in a $21bn Australian LNG project, 'Ali al-Shammari, Deputy Managing Director of Kufpec said in early April. Kufpec Kuwait Petroleum Company (KPCs) overseas upstream arm has a 7% stake in the 15mn tons/year Wheatstone LNG...