Saudi Arabia energy report

• 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 (6^th 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.

• 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

  Gas:

  The marketed gas production is growing rapidly and reached 98 bcm in 2019 (+34% since 2010). The production is more than two and a half times higher than in 2000 and is exclusively consumed domestically. Within the framework of the Master Gas System, the gas market has developed a gas pipe network that supplies the industrial towns of Yanbu and Jubail.

• Energy Prices

  Oil:

  Oil prices are regulated and strongly subsidised. They remain among the lowest in the world, despite significant subsidy cuts which have led to a 280% increase in retail gasoline prices since 2014. Gasoline prices have risen to US$0.54/l and diesel for transport is now US$0.13/l (+90% since 2014).

• Energy Consumption

  Consumption per capita is very high, reaching 6 toe in 2019, including about 8 MWh of electricity.

• Issues & Prospects

  Gas:

  Saudi Arabia continues to target a rapid increase in its gas production, with a focus on increased penetration of gas in power generation. The country aims to double its gas production capacity in ten years from 120 bcm/year to more than 200 bcm/year in 2025.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY COMPANIES
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

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 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.