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Saudi Arabia advances energy security
The Undersecretary of the Ministry of Energy for Electricity Affairs, Raed Al-Sheneiber, revealed that the Kingdom aims to develop its energy mix by 2030, with 50% coming from renewable energy sources and 50% from high-efficiency gas plants. The goal is to enhance the security and sustainability of electricity supplies and improve economic efficiency. The main pillars of this development include improving energy consumption efficiency, engaging programs such as the National Renewable Energy Program, which aims to develop more than 80 gigawatts before 2030, as well as a program to displace more than one million barrels of oil from local consumption, in addition to expanding the electricity transmission infrastructure. These policies seek to address financial and regulatory challenges and achieve sustainable supply security.
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