Skip to main content

Home/ MENA Environment/ Group items tagged reform

Rss Feed Group items tagged

Filter: All | Bookmarks | Topics Simple Middle
Ed Webb

Saudi Arabia's Energy Crisis | Arabia, the Gulf, and the GCC Blog - 0 views

ncusar.org/...saudi-arabias-energy-crisis

KSA Saudi energy environment economy development renewables

shared by Ed Webb on 24 May 12 - No Cached
  • consuming more and more of its precious petroleum resources, and within a decade may have to begin cutting back on its oil exports to the rest of the world
  • In a recent report entitled, “Burning to Keep Cool: The Hidden Energy Crisis in Saudi Arabia,” Chatham House researchers Glada Lahn and Prof. Paul Stevens said unchecked growth in energy consumption in Saudi Arabia was a “cause for international concern.” If it continues at its present rate, this would threaten the Kingdom’s ability to stabilize world oil markets.
  • Saudi crude export capacity would fall by about 3 million bpd to under 7 million bpd by 2028 unless domestic energy demand growth is checked
  • ...5 more annotations...
  • Saudi Arabia hopes to buy itself some time with major energy conservation efforts. Saudi Aramco is pursuing an initiative in cooperation with the Kingdom’s utilities and business sector to generate massive energy savings on as rapid a timetable as possible. This initiative includes moves into renewable power sources like solar and wind, plus efforts to slash energy waste and duplication and create a business culture sensitive to energy efficiency
  • Saudi Arabia currently relies on oil revenues for about 80 percent of its government spending
  • Plans to add renewable power would help maintain fiscal balance for another two or three years, but that’s all
  • Chatham House believes “huge economic, social and environmental gains from energy conservation are possible in Saudi Arabia” but it cautions that the longstanding Saudi tradition of low energy prices and the Kingdom’s sluggish bureaucracy pose “challenges” to implementing needed pricing and regulatory reforms.
  • Saudi Arabia is aiming to generate about 10 percent of its power needs from solar energy by the year 2020
1 - 2 of 2
Showing 20▼ items per page