Natural Gas
Saudi Arabia has the world's fourth largest reserves of natural gas, of 240 trillion cubic feet (6.8 trillion cubic metres). One-third of this reserve is found in the Ghawar. Before the master gas system, the oil company flared (burn) the gas as it came from the oil well. Until recently production of natural gas was tightly controlled as it is so closely linked to oil production. The World Trade Organization criticized the government and Aramco for heavily subsidizing natural gas. According to the Energy Information Administration the price was $0.75 MMBtu American dollars.
Read more about this topic: Energy In Saudi Arabia
Famous quotes containing the words natural and/or gas:
“A book should contain pure discoveries, glimpses of terra firma, though by shipwrecked mariners, and not the art of navigation by those who have never been out of sight of land. They must not yield wheat and potatoes, but must themselves be the unconstrained and natural harvest of their author’s lives.”
—Henry David Thoreau (1817–1862)
“Man moves in all modes, by legs of horses, by wings of winds, by steam, by gas of balloon, by electricity, and stands on tiptoe threatening to hunt the eagle in his own element.”
—Ralph Waldo Emerson (1803–1882)