Saudi Direct Crude Burn Plan Can Only Work Short-Term, Says FGE

Saudi Arabia’s plans to slash direct crude burning for power generation are massively optimistic, according to FACTS Global Energy.

Runaway power demand and delayed gas field start-ups mean the peak month crude burn will rise from 757,000 b/d last year to hit 1mn b/d by 2020, FACTS says. This contrasts sharply with a recent Saudi Electricity Company (SEC) pronouncement that it expects the liquid fuels burn...