Saudi Arabia may be the region’s top hydrocarbon producer, but it is also one of the largest consumers of energy resources. The situation is such that the Kingdom is looking to diversify its energy mix in the face of rapidly growing demand for electricity to meet the country’s mounting energy needs. Nuclear power has emerged as one of the most viable options at a time when the Kingdom requires sustainable energy sources to drive its ambitious march to the future.
Currently Saudi Arabia consumes over one-quarter of its oil production to power its electricity plants, according to World Nuclear Association estimates. Growing energy needs mean that much of the Kingdom’s oil production will be consumed domestically by 2030 if alternative options are not in place by then.