Unrealised Potential in the Saudi Gas Industry: Fiscal and Economic Considerations
Article from: OGEL 4 (2006), in National and International Issues in Natural Gas Development
Abstract
Although the Kingdom of Saudi Arabia (KSA) holds proven gas reserves of 238 tcf (trillion cubic feet), ranking it fourth largest in the world, it has yet to realise the true potential of this massive resource. In this paper the authors will examine reasons why this situation has emerged. They initially analyse the evolution of the KSA gas sector and the status of gas reserves, discussing the rationale underlying the design and implementation of the Saudi Master Gas System (MGS) which commenced in the mid-1970's, initially based on the utilisation of associated gas from ...