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On Wednesday, February 12, 2014
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Saudi Arabia Focuses On Alternative Power
With growing greenhouse effects and erratic climatic modifications, more and more countries are thinking about options to go green. So, the news that Saudi Arabia focuses on alternative power comes as no surprise. Nonetheless, the kingdom has its own factors for the move.
Though the kingdom has huge oil reserves that are far from getting exhausted, Ali Al-Naimi - the Oil Minister, recently said that the government is planning to explore renewable and nuclear power sources as it fears that the expanding energy demand in the domestic sector could force it to cut its oil exports to meet the in-house demand. The minister also said at a conference in Riyadh that the nation has already began to take the necessary measures in order that it might utilize varied energy sources locally, using a definite stress on solar and nuclear power.
The oil reserves on the kingdom are among its enormous verified reserves of classic energy sources. In November 2010, Al-Naimi told the figure to become about 264 billion barrels, and mentioned that in the event the existing production levels are maintained, Saudi Arabia won't locate any dilemma in supplying crude for the next 80 years even though not one more barrel was ever found. Nonetheless, the domestic power demand on the nation is rising steadily, and is anticipated to touch the oil consumption of almost eight million barrels per day within the next 20 years -up in the present demand of 3.two million barrels each day. A basic figure of electricity consumption can also prove the point. In 2010, it was just 40 gigawatts, but the figures in 2032 are expected to touch 120 gigawatts.
In order to make certain that the export capacity on the kingdom doesn't get curtailed and also the improvement work does not take a hit, the government of Saudi Arabia has decided to transform the nation from getting solely dependent on oil to being self enough together with the use of distinct sources of alternative energy.
With growing greenhouse effects and erratic climatic modifications, more and more countries are thinking about options to go green. So, the news that Saudi Arabia focuses on alternative power comes as no surprise. Nonetheless, the kingdom has its own factors for the move.
Though the kingdom has huge oil reserves that are far from getting exhausted, Ali Al-Naimi - the Oil Minister, recently said that the government is planning to explore renewable and nuclear power sources as it fears that the expanding energy demand in the domestic sector could force it to cut its oil exports to meet the in-house demand. The minister also said at a conference in Riyadh that the nation has already began to take the necessary measures in order that it might utilize varied energy sources locally, using a definite stress on solar and nuclear power.
The oil reserves on the kingdom are among its enormous verified reserves of classic energy sources. In November 2010, Al-Naimi told the figure to become about 264 billion barrels, and mentioned that in the event the existing production levels are maintained, Saudi Arabia won't locate any dilemma in supplying crude for the next 80 years even though not one more barrel was ever found. Nonetheless, the domestic power demand on the nation is rising steadily, and is anticipated to touch the oil consumption of almost eight million barrels per day within the next 20 years -up in the present demand of 3.two million barrels each day. A basic figure of electricity consumption can also prove the point. In 2010, it was just 40 gigawatts, but the figures in 2032 are expected to touch 120 gigawatts.
In order to make certain that the export capacity on the kingdom doesn't get curtailed and also the improvement work does not take a hit, the government of Saudi Arabia has decided to transform the nation from getting solely dependent on oil to being self enough together with the use of distinct sources of alternative energy.
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