Saudi Arabia launches its first natural gas storage project

Moscow, October 1, 2024 (TV BRICS) – Saudi Arabia has officially inaugurated the Hawiyah Gas Storage Facility, marking the first project to store natural gas by injecting recycled fuel.

The developed facility is designed to re-inject up to 2 billion standard cubic feet of natural gas per day into the Kingdom’s Master Gas System. This is reported by Arab News.

The initiative is designed to help meet the country’s growing energy demand, especially during peak periods.

The project also plays a key role in managing seasonal fluctuations in demand, supporting the Liquid Fuel Displacement Programme, and reducing carbon emissions.

Under Saudi Vision 2030, Saudi Arabia aims to replace 1 million barrels of liquid fuels per day in the municipal, industrial, and agricultural sectors by the end of this decade.

Saudi Arabia is also actively promoting the use of clean gas. Natural gas and renewable energy are key alternatives that will help the Kingdom generate 50 per cent of its electricity from renewable sources.