Saudi Arabia to increase renewable energy share of energy consumption

    Saudi Minister of Energy Abdul-Aziz Bin Salman said in the United Arab Emirates' capital Abu Dhabi that Saudi Arabia will increase the share of solar system price Saudi Arabia energy in its energy consumption in order to meet emission reduction targets and increase oil Export.

    Abdul Aziz said that for Saudi Arabia, the ideal energy consumption structure should be based on natural gas and renewable energy. "By 2030, we will fully develop natural gas consumption, and renewable energy will also account for a large proportion." The more Saudi Arabia uses renewable energy and natural gas, the more oil produced in the country will be exported to international markets.

    Saudi Arabia's current crude oil production is about 10 million barrels per day, and the country's proven crude oil reserves are about 260 billion barrels. Saudi Arabia recently launched the third round of national renewable energy plan, which aims to increase the share of solar energy in the national power structure.