The Kingdom of Saudi Arabia has recently adopted a comprehensive long-term gas development and excavation program aimed at increasing its gas output, according to the London based Al-Hayat daily. This plan aims to satisfy the rising domestic gas consumption in the kingdom by the year 2025. Implementation of the project will require investments of approximately $44 billion, which the government has committed to supply.
Market specialists estimate that Saudi Arabia will need nearly $200 billion of investments in the energy sector alone over the next 20 years to reach the desired level of progress in this sector. —(MENA Report)
© 2001 Mena Report (www.menareport.com)
