Changing Energy Supply Economics in Saudi Arabia in the Context of Global Transitions

KAPSARC, King Abdullah Petroleum Studies and Research Center
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KAPSARC, King Abdullah Petroleum Studies and Research Center: King Abdullah Petroleum Studies and Research Center

Workshop Briefs from King Abdullah Petroleum Studies and Research Center

Abstract: Many factors, local and global, will impact Saudi Arabia’s electricity sector and energy markets. The Kingdom has committed to deploying a significant share of renewable energy by 2030 and is considering plans to add nuclear power to its energy mix. At the same time, Saudi Arabia is investing to increase its non-associated gas supply. Globally, oil prices and energy dynamics will be affected by many climate-related initiatives and regulations, such as the new International Maritime Organization (IMO) rules that impose switching to low-sulfur fuels to reduce sulfur emissions by over 80%. Accurate supply modeling also requires understanding and projecting demand. The Kingdom has only recently embarked on its energy price reform journey, and initiatives related to industry electrification, distributed generation deployment, and energy efficiency will greatly affect future energy consumption.

Keywords: Demand; Energy Mix; Energy Policy; Renewable Energy; Supply (search for similar items in EconPapers)
Pages: 15 pages
Date: 2020-05-07
New Economics Papers: this item is included in nep-ara, nep-ene and nep-env
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https://www.kapsarc.org/research/publications/chan ... -global-transitions/ First version, 2020 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:prc:wbrief:ks--2020-wb06

DOI: 10.30753/KS--2020-WB06

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