Sizable Oil and Gas Demand Ramp Likely on Saudi Electric Co. Capacity Expansion

摘要

The Saudi Electricity Co. (SEC) said its 2011 budget has been approved by state authorities to include nearly 13 gigaWatts (GW) of new power plant capacity that will start up between 2012 and 2016, according to a December 27 Reuters report. The new capacity will burn rising amounts of locally produced natural gas, refined oil products and even crude oil, according to a Hart Energy analysis.