1st
oil exporter in the world
≡ Menu ≡
This analysis includes a comprehensive Saudi Arabia energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2020 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
Immediate by e-mail
Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.
Highlights
1st
oil exporter in the world
+17%
of global oil reserves
50%
of renewables in power production by 2030
Abstract
Institutions & Energy Policy
The Ministry of Energy is in charge of the energy sector and all energy policies. The environment is under the responsibility of the Ministry of Environment, Water and Agriculture.
Energy Companies
Electricity:
SEC, Saudi Electric Company (75.1% public, 6.9% Saudi Aramco) was created in 2000 through the merger of the existing regional electricity companies ("SCECOS") with the national electricity production, transport, and distribution company.
Energy Supply
Oil:
Production has decreased by 10% since 2019 (-5% in 2019, -6% in 2020 and, -1% estimated for 2021). It had increased before by 24% between 2010 and 2018 (+34% since 2000). Total oil production reached 513 Mt in 2020 (12% of the global production). Crude oil represents 90%, while the rest is made up of NGLs.
Energy Prices
Oil:
Motor fuel prices are regulated and strongly subsidized. They remain among the lowest in the world, despite significant subsidy cuts which led to a 280% increase between 2014 and 2019. Gasoline prices rose to US$0.54/l in 2019 and dropped to US$0.22/l in 2020 following international prices. Diesel prices were US$0.13/l in 2020 (+90% since 2014).
Energy Consumption
Consumption per capita is very high, reaching 5.9 toe in 2020, including about 9.1 MWh of electricity.
Issues & Prospects
Gas:
Saudi Arabia targets a rapid increase in its gas production, with a focus on an increased penetration of gas in power generation. Saudi Aramco aims to double its gas production in ten years to more than 200 bcm/year by 2030.
Below is a list of the Saudi Arabia energy market report graphs:
In the Saudi Arabia energy market report you will find the following tables:
The Saudi Arabia energy market data since 1990 and up to 2020 is included in the Excel file accompanying the Saudi Arabia country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Saudi Arabia country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Saudi Arabia country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
Secured payment by