Friday, 13 November 2009

Saudi gas output to rise 40 pct by 2014 -Naimi

Saudi Oil Minister Ali al-Naimi said on Friday that the Kingdom's natural gas output will rise 40 percent by 2014 to 4.5 billion cubic feet a day.

Demand for gas in Saudi Arabia is soaring to feed power and industrial sectors in an economic boom fuelled by the oil price rally of 2002-2008. Saudi gas is produced in assocation with oil.

Naimi made the remarks during a speech delivered at Peking University, which will present him with an honorary doctorate degree.END

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