Saudi Arabia Power Report Q4 2017
BMI View: Gas-fired power's share of total electricity output in Saudi Arabia will increase over our 10-year forecast period as the government aims to reduce its reliance on oil-fired power. As the governmentfocuses on gas power investment and the lower oil-price environment decreases its overall budget, weexpect that non-hydropower renewable projects will receive less funding and the government's target of9.5GW of renewable capacity by 2023 will not be met.
Latest Trends And Developments:
We maintain our overall forecasts for thermal power generation in Saudi Arabia. We expect that oil-firedpower growth will remain mostly stagnant at an annual average growth rate of 0.2% over our 10-yearforecast period, while gas-fired power will grow at 3.8% during that same time. The stagnant growth ratein oil power will be due to the government focusing on increasing gas-fired power output in order to useless oil for electricity generation to free it up for export. Gas-fired power output will therefore increase itsdominance of the Saudi power sector, and we expect that the government will focus its investment on gasas a baseload power source while attempting to increase its non-hydropower renewables and nuclearcapacity at a later stage.
- BMI Industry View
- Table: Headline Power Forecasts (2016-2022)
- SWOT
- Industry Forecast
- Saudi Arabia Snapshot
- Table: Country Snapshot: Economic and Demographic Data (Saudi Arabia 2016-2021)
- Table: Country Snapshot: Economic and Demographic Data (Saudi Arabia 2021-2026)
- Table: Country Snapshot: Power Sector
- Saudi Arabia Power Forecast Scenario
- Table: Saudi Arabia - Original 2032 Power Sector Targets (Eventually Pushed Back To 2040)
- Oil Generation And Capacity Forecasts
- Gas Generation And Capacity Forecasts
- Nuclear Generation And Capacity Forecast
- Renewables Generation And Capacity Forecasts
- Electricity Generation And Power Generating Capacity
- Table: Total Electricity Generation Data And Forecasts (Saudi Arabia 2015-2020)
- Table: Total Electricity Generation Data And Forecasts (Saudi Arabia 2021-2026)
- Table: Electricity Generating Capacity Data And Forecasts (Saudi Arabia 2015-2020)
- Table: Electricity Generating Capacity Data And Forecasts (Saudi Arabia 2021-2026)
- Electricity Consumption
- Table: Total Electricity Consumption Data And Forecasts (Saudi Arabia 2015-2020)
- Table: Total Electricity Consumption Data And Forecasts (Saudi Arabia 2021-2026)
- Transmission & Distribution
- Table: Electric Power T&D Losses Data And Forecasts (Saudi Arabia 2015-2020)
- Table: Electric Power T&D Losses Data And Forecasts (Saudi Arabia 2021-2026)
- Table: Trade Data And Forecasts (Saudi Arabia 2015-2020)
- Table: Trade Data And Forecasts (Saudi Arabia 2021-2026)
- Industry Risk/Reward Index
- MENA Industry Risk/Reward Index
- Saudi Arabia Power Risk/Reward Index
- Market Overview
- Key Policies And Market Structure
- Regulation And Competition
- Sustainable Energy Policies
- Saudi Arabia Power Projects Database
- Competitive Landscape
- Saudi Electricity Company (SEC)
- Regional Overview
- Glossary
- Table: Glossary Of Terms
- Methodology
- Methodology And Sources
- Industry Forecast Methodology
- Sources
- Power Risk/Reward Index Methodology
- Table: Indicators - Explanation and Sources