Saudi Arabia, the world’s largest oil exporter, says it plans to produce four billion cubic feet of shale gas (BCF) a day by 2025, ten years from now.
There is a current project, the output capacity of which will reach 20 to 50 million cubic feet (MCF) of shale gas by 2016 and 500MCF in 2018 and will peak in 2025 with 4BCF a day, says Saudi deputy minister of oil, Prince Abdulaziz bin Salman bin Abdulaziz.
The announcement highlights Saudi Arabia’s drive towards slashing dependence from liquid hydrocarbons to gas, especially for power generation.
Prince Abdulaziz reveals that there are currently ambitious programmes to look for unconventional gas.
The remarks came at a workshop on the Global Methane Initiative, which aims to discuss and exchange ideas on the management of methane gas emissions and use it as a source of clean energy in various areas.
“The kingdom is aware of the need for world countries to continue economic development, but at the same time it emphasizes the need to take considerations related to climate change into account, hence, carbon management has always been a cornerstone of the kingdom’s energy strategy,” Prince Abdulaziz adds in the remarks published by Al-Ittihad.