Saudi Arabia discovers new gas reserves

Jan 04, 2012 12:00 AM

Saudi Arabia announced a new discovery of natural gas reserves in the Red Sea and Empty Quarter, but no plans for immediate development.
Oil Minister's adviser Ibrahim Muhanna said that his country will carry on with exploration operations for tight gas and heavy oil for future energy needs.

Saudi Arabia needs gas to help cover its growing domestic fuel demand, especially as it is shifting focus to expand the industrial sector, and conserve oil for lucrative export markets.
Khalid al-Falih, CEO of Saudi Aramco said in November, his company would focus on gas in the short to medium term as raising oil production capacity beyond the current 12 mm bpd was not needed.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« June 2019 »
June
MoTuWeThFrSaSu
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Register to announce Your Event

View All Events