Senior Saudi: we need solar and nuclear to stop soaring domestic oil use.

In less than 20 years, most production will be burned domestically, on current trends. 8m barrels a day will be needed just for domestic needs by 2028, roughly equivalent to its current production. So says Hashim Yamani, president of the King Abdullah Atomic and Renewable Energy City. The kingdom currently burns a total of 3.2m/b a day. “Oil exports and economic growth will be constrained if there is no mix of alternative energy,” Yamani said. “We won’t be able to leverage prices of oil to build our institutions.” Demand for electricity is rising at 8 per cent per year and is expected to triple to 121 GW by 2032. Yamani, a former commerce and trade minister, expects solar energy in commercial quantities “sooner” than atomic power.