2nd
crude oil producer in the world
Saudi Arabia energy report
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 2019 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.
Update:
August 2020
Format:
4 files (PDF report, 3 Excel files)
Pages:
30 (Report only)
Delivery:
Immediate by e-mail
Price:
990 €
Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.
After validation, you will immediately receive 4 files by email (one pdf report and 3 excel files containing the datasets).
Highlights
- The COVID-19 pandemic and subsequent oil market crash are expected to deeply impact the country's economy.
- The sale of 1.5% of Saudi Aramco, the largest oil producer in the world, was completed in late 2019.
- SEC owns most of the generation, transmission, and distribution capacities.
- Saudi Arabia holds 17% of global oil reserves and was the world's second largest oil producer in 2019.
- Despite large natural gas resources (6th largest worldwide), the country does not export gas.
- Gasoline and diesel prices have been raised substantially since 2014, but are still among the lowest in the world.
- Electricity prices have been increased significantly since 2016.
- The country's energy consumption has been declining slightly since 2015 with the price increases and the economic slowdown.
- About 10 GW worth of capacities are under construction.
+18%
in crude oil production since 2010
60 GW
of renewables planned 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 (74.3% public, 6.9% Saudi Aramco) was created in 2000 through the merger of 10 existing regional electricity companies ("SCECOS") with the national electricity production, transport, and distribution company.
Energy Supply
Oil:
Saudi Arabia is the second largest oil producer in the world behind the United States, with 545 Mt in 2019 (crude oil and NGL). Production has increased by 18% since 2010 (+30% since 2000) and is dependent on OPEC production cuts. It decreased by 5% in 2019. Crude oil represents more than 80% of the total production, while the rest is made up of NGLs.
Energy Prices
Electricity:
Prices are regulated and were frozen between 2000 and 2015. In 2016, the prices for industry were raised by 50% to reach US$4.8c/kWh, while residential prices doubled to US$2.7c/kWh and further increased in 2018 to equal those of the industry sector.
Graph: ELECTRICITY PRICES FOR INDUSTRY AND HOUSEHOLDS (US$c/kWh)
Energy Consumption
Consumption per capita is very high, reaching 6 toe in 2019, including about 8 MWh of electricity.
Issues & Prospects
Oil:
In 2018, the government announced investments for a total of US$20bn to maintain the production capacity, currently standing at 12 mb/d, and possibly increase it to 13 mb/d.
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
Below is a list of the Saudi Arabia energy market report graphs:
- GRAPH 1: CO2-Energy emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2019, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2019, %)
- GRAPH 5: Gasoline & diesel prices (US$/l)
- GRAPH 6: Electricity prices for industry and households (US$c/kWh)
- GRAPH 7: Consumption trends by energy source (Mtoe)
- GRAPH 8: Total consumption market share by energy (2019, %)
- GRAPH 9: Final consumption market share by sector (2019, %)
In the Saudi Arabia energy market report you will find the following tables:
- Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
- Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source
- Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
- Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
The Saudi Arabia energy market data since 1990 and up to 2019 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:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Saudi Arabia Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Saudi Arabia energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).
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:
- New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
- Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.
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:
- Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
- Power: Electricity generation & capacities, by technology.
- CO2: Total CO2 emissions.
- Macro-economy: Main macro-economic assumptions.
- Key indicators: Energy intensity, share of renewables, CO2 emissions per capita and per unit of GDP.
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