Natural gas is already playing a prominent role in diversifying Saudi Arabia’s power mix away from a heavy reliance on oil-based fuels. Between 2010 and 2017, the share of natural gas used in power generation in Saudi Arabia grew from 44% to 54%. The country’s gas fields are being developed to increase domestic gas supplies. However, imported liquefied natural gas (LNG) could remedy the near-term scarcity of gas from domestic sources and provide the support needed to integrate more renewable and other alternative sources of energy into the country’s power mix. Developments in global gas markets in recent years, including procurement and technological innovations in LNG, have unlocked value for producers and consumers.September 2, 2019
Rami is a KAPSARC research associate focusing on global gas and liquids markets. He has more than 10 years of professional research and industry experience in energy and market analysis. Prior to joining KAPSARC, Rami worked as a fundamentals analyst advising management on specific issues affecting North American natural gas and NGLs markets.