HomeBusinessENERGYSaudi to use efficient energy mix of more gas and renewables, says energy minister
ENERGYSaudi to use efficient energy mix of more gas and renewables, says energy minister
Saudi Minister of Energy, Prince Abdul Aziz bin Salman, said that the most efficient energy mix in the Kingdom will consist of gas and renewables.
“We are talking about the conversion of our energy mix whereby we will be using more gas and more renewables,” Prince Abdul Aziz said, while speaking at the World Future Energy Summit 2020 in Abu Dhabi on Tuesday.
“We are currently mapping out a new energy strategy, which will focus on discovering a more economically-efficient energy mix,” he noted, further adding that this strategy will be unveiled over the next few months.
The energy minister also highlighted that the Kingdom has to resort to the liquefied fuel in some regions due to consumption rates and distances.
“By 2030, Saudi Arabia will be developing the gas industry and will deliver fruitful results in this regard,” he added.
“Renewables are not only a source of energy, but also helps diversify our sources of revenue,” Prince Abdul Aziz indicated.
Saudi Arabia seeks to fulfill the demand and develop the local industry plants to boost competitiveness and increase exports.