Saudi Gazette - Saudi Arabia seen to remain self-sufficient in natural gas

Saudi Arabia continued its role as the world’s leading producer, maintaining historically high production of near 10mn b/d in support of the global oil market.

However, decreased global demand forecast and rising supply should ease the tightness in oil supply, allowing Saudi Arabia’s production to hold steady at 11.6mn b/d in 2013, and rise to 12.6mn b/d by 2021, BMI’s “Saudi Arabia Oil and Gas Report Q1 2013” report said Friday.

The report said the Kingdom’s crude oil production would rise to an average for the year of 10.1mn b/d, with natural gas liquids (NGL) and processing gains bringing total liquids production to 11.7 million b/d for the year. Total liquids supply by the end of the forecast period is set to rise to 12.5 million b/d by 2021.
Saudi Gazette - Saudi Arabia seen to remain self-sufficient in natural gas