Arab Today, arab today rising demand quest for resources
Last Updated : GMT 16:10:29
Arab Today, arab today
Arab Today, arab today

Rising demand quest for resources

Arab Today, arab today

Arab Today, arab today Rising demand quest for resources

Riyadh - Arabstoday

Saudi Arabian wealth in oil reserves is mirrored by its natural gas resources. According to the latest BP Statistical Review, the kingdom has proven gas reserves of 283,287 trillion cubic feet. But spiralling demand for gas to feed into power plants and petrochemicals production has led Saudi Arabia to risk failing to meet its own needs from its sources. Demand is projected to almost triple by 2030, leading Saudi Aramco, the state energy company, to fast-track the development of its resources. According to the company\'s annual report, it plans to boost production to 15.5 billion cu ft per day (cfd), from 12.4 bn cfd in 2010. The problem faced by Aramco is that more than half of its current gas output is tied to oil production, meaning the extraction of gas in oil reservoirs is limited by the amount of oil pumped at the wells. To counter this limitation, it has set itself the ambitious target of finding reserves of gas not associated with oil of 100 billion cu ft this decade. Saudi Arabia\'s quest for gas is complicated by the high sulphur content of its non-associated gas, a problem shared by the UAE. So-called sour gas presents major health and safety concerns as it is heavily laced with poisonous gas and is more complicated to process. The most prominent effort by Aramco to boost non-associated gas production is the Karan offshore gasfield in the Arabian Gulf, where production recently surpassed 1 billion cfd. When Karan reaches its full potential, expected next year, the non-associated field is set to augment the kingdom\'s gas output by 1.8 billion cfd. Unlike the Red Sea, the Arabian Gulf is shallow, making it easier to produce offshore. Given the need for additional sources, significant findings of gas, particularly of the low sulphur variety, would justify deepwater production. From TheNational

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rising demand quest for resources Arab Today, arab today rising demand quest for resources

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rising demand quest for resources Arab Today, arab today rising demand quest for resources

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut

GMT 14:28 2017 Sunday ,04 June

Kuwait oil price down 52 cents to USD47.83 pb

GMT 23:44 2017 Saturday ,03 June

OPEC daily basket price for Tuesday, 30th May 2017
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday