Middle East & Africa: Consumption
Gas-consuming states in the Middle East and Africa (MEA) are increasingly relying on international debt markets and investors to fund their gas-to-power ambitions.
Saudi Electric Company (SEC) intends to raise funds to construct 5.4 GW of power-generation capacity, some of which is expected to be gas-fired. The planned addition would be equivalent to almost 10% of Saudi Arabia’s current capacity. The kingdom plans to add a total of 27.98 GW of capacity between 2016 and 2020, of which 13.35 GW is expected to be gas-fired.