Insight

Saudi Arabia's fuel mix conundrum in the power sector

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Report summary

The Insight models the oil savings that Saudi Arabia achieves when pursuing two policy goals simultaneously: prioritising gas in power generation and diversifying the fuel mix with renewables and nuclear energy. We find that increasing gas in the thermal fuel mix generates higher oil savings than adding renewables and nuclear but that oil savings start to decline once gas reaches 70% in the thermal mix and renewables exceeds 40% of total generation capacity.

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  • Document

    Saudi Arabia's fuel mix conundrum in the power sector

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Tables and charts

This report includes 7 images and tables including:

Images

  • Chart 1: Fuel demand from power sector
  • Chart 2: Monthly crude oil burn in power generation
  • Chart 3: KA-CARE goals for ramp-up of renewable and nuclear energy until 2032
  • Chart 4: Generation fuel mix - WM
  • Chart 5: Generation fuel mix KA-CARE
  • Chart 7: Liquid fuel burn increased in gas-dominated fuel mix when share of renewables & nuclear share exceeds 60%

Tables

  • Chart 6: Scenario analysis for liquid fuel burn under different gas-to-oil and renewable & nuclear combinations

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