Key Market Indicators
Kuwait's energy consumption is expected to reach almost two exajoules by 2026, an increase of 1.4% annually. Since 1970, Kuwait's demand has grown by an average of 1.5% annually. In 2021, Kuwait ranked 43rd, behind the Czech Republic. The US, India, and Russia placed second, third, and fourth, respectively. Kuwait's energy supply is projected to reach 39.8 million tonnes of oil equivalent by 2026, a rise of 1.2% yearly. Since 1976, the country's supply has decreased by 0.7% per year. In 2021, Kuwait was 45th, behind Chile. The US, India, and Russia were second, third, and fourth, respectively.