Saudi Arabia is in talks with the UAE, Oman and other neighboring states to build an interconnected natural gas pipeline, media reports have said, citing the Kingdom’s Energy Minister Khalid Al-Falih.
“This network is a part of greater connectivity between regional economies,” Al-Falih said on the sidelines of the World Future Energy Summit (WFES) being held in Abu Dhabi.
“We plan to lift the whole region of the Middle East and Africa (MEA) through shared investment and resources,” he added.
Al-Falih also noted that the Kingdom plans to end burning 600,000 barrels (bbls) of oil per day for power generation and replace with renewables.
“We need global consensus around low carbon transition strategy that includes oil and gas to ensure sustainable energy future for world economy,” he said.
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