Saudi Arabia takes cue from U.S. to produce shale gas

10/14/2013 | Reuters

Saudi Arabia is expected to become one of the first countries outside North America to produce shale natural gas for power generation. "We are ready to start producing our own shale gas and unconventional resources in various types in the next few years and deliver them to consumers," said Saudi Aramco President and CEO Khalid al-Falih. "Only two years after launching our own unconventional gas program, in the northern region of Saudi Arabia, we are ready to commit gas for the development of a 1,000 megawatt power plant which will feed a massive phosphate mining and manufacturing sector."

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