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

  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

  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

  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

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 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).