Business · Energy & Commodities · 7 hrs ago
Saudi Arabia plans more pipelines to protect energy exports
Saudi Arabia is developing more pipelines to provide alternative routes for its energy exports, Energy Minister Prince Abdulaziz bin Salman said in Riyadh.
He spoke at a ministerial meeting of the International Energy Forum.
The kingdom’s East-West pipeline already offers an alternative route for oil exports if other routes are disrupted.
Saudi Arabia is also investing in refining and expanding partnerships with China, the United States and South Korea.
The minister said energy security depends on using a mix of sources, including oil, gas, renewables, nuclear power and geothermal energy.
He warned that focusing too heavily on reaching net zero could make it harder to ensure reliable energy supplies.
The additional pipelines and other investments are intended to support steady supplies to global markets, though no timeline for the new pipelines was given.
Saudi Arabia is developing additional pipelines to create alternative routes for energy exports, Energy Minister Prince Abdulaziz bin Salman said.
The routes are intended to help ensure supplies continue reaching global markets if other routes are disrupted.
He cited the East–West pipeline as an example of investment to secure alternative routes for oil exports.
The minister spoke at the 17th ministerial meeting of the International Energy Forum in Riyadh.
He said energy security requires using all energy sources and called it a shared global responsibility.
- Who
- Saudi Energy Minister Prince Abdulaziz bin Salman.
- What
- Saudi Arabia is developing additional pipelines to provide alternative routes for energy exports.
- When
- At the 17th ministerial meeting of the International Energy Forum; the meeting date is not stated.
- Where
- Riyadh, Saudi Arabia.
- Why
- To help ensure energy supplies continue reaching global markets, including if other export routes are disrupted.
This story does not have two clearly opposing sides.
The Kingdom will not allow any party to obstruct its efforts, and will take all necessary measures to ensure the continuity of energy supplies.
Energy security requires making use of all sources, including oil, gas, renewable energy, nuclear energy and geothermal energy.
This story does not have a timeline yet.
- New pipelines
- Additional lines are being developed to provide alternative routes for energy exports.
- Existing pipeline
- The East–West pipeline is cited as an alternative route for oil exports.
- Forum
- 17th ministerial meeting of the International Energy Forum.
- Location
- Riyadh, Saudi Arabia.
Sources
Related news
Saudi Arabia signs energy cooperation agreements with Kuwait, Qatar and Egypt
Riyadh Economic Forum to discuss five studies on Saudi priorities
Saudi industrial production fell 23.5% in August
UAE education company negotiates controlling stake in Saudi school operator
Costs put pressure on Al-Mutaqaddimah’s profits
Extra's profits decline
Provisions absorb most of Tasheel’s profits
Saudi Energy Minister Calls Riyadh a Center of Energy Security
King Salman aid center named among 70 Saudi brands
Al Eqtisadiah Honors Teams Behind Its First Annual Forum
Advanced Petrochemical’s third-quarter profit falls 94% to 4 million riyals
