Saudi Arabia Placed On Eu Money Laundering Blacklist
15 Feb, 2019
Power & Water
Saudi Eyes Options For Slashing Oil Burning In Power Plants
01 Feb 2019
The Saudi energy minister’s ambitious plan to vastly reduce the burning of liquids fuels in power plants is a big ask. Can it be done?
Saudi Arabia burned just over 900,000 b/d of liquid fuels in its power plants last year, down 7% from the 2017 record (see chart). The volumes involved indicate that the recent pledge by Saudi Minister of Energy Khalid al-Falih that “over the coming decade liquids burning in our utilities will be virtually eliminated” is a tough challenge.
Mr Falih aims for gas to generate 70% of electricity by 2030, up from 50% today. Given Saudi Arabia’s substantial gas reserves and stated plans to become a gas exporter this looks an eminently achievable target (MEES, 25 January). The remaining 30% is slated to come from renewables, up from virtually zero currently. This renewables target seems to contradict Mr Falih’s new...
Saudi Oil Burning*: Volumes On Course To Fall To Five-Year Low