01:48 GMT +322 January 2019
Listen Live
    In this Monday, March 8, 2004 file photo, an industrial plant strips natural gas from freshly pumped crude oil is seen at Saudi Aramco's Shaybah oil field at Shaybah in Saudi Arabia's Rub al-Khali desert

    Saudi Arabia Plans to Double Gas Production in Next 10 Years - Energy Minister

    © AP Photo / Bruce Stanley, File
    Middle East
    Get short URL

    RIYADH (Sputnik) - Saudi Arabia is planning to double its production of natural gas during the next 10 years to a target of 23 billion cubic feet per day, Saudi Minister of Energy, Industry and Mineral Resources Khalid Falih said on Wednesday.

    "When it comes to natural gas, over the next decade we are going to be roughly doubling our production to 23 billion cubic feet per day and substantially increasing percentage of the natural gas in the Kingdom’s fuel mix, displacing liquids and therefore reducing carbon [emissions]," Falih said at the opening of the eighth annual IEA-IEF-OPEC Symposium on Energy Outlooks in Riyadh.

    The International Energy Forum (IEF), together with the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC), on Wednesday is hosting a joint symposium on energy outlooks at its headquarters in the Saudi Arabian capital.

    REAd MORE: Turkey, Egypt Clash Over Gas Exploration Rights in Eastern Mediterranean

    Saudi Arabia is one of the largest gas producers in both the Middle East and the world. According to the World Energy Council, Saudi Arabia ranks among the ten top gas producing countries worldwide.


    Russia's Gazprom Oil Giant Hints at Coming Gas Shortage in Europe
    US Oracle Informs Russian Oil, Gas Companies About Joining Sanctions - Reports
    Lebanon Working to 'Prevent Israeli Greed on Land, Sea' Amid Wall, Gas Disputes
    gas, Khalid al-Falih, Saudi Arabia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik