Saudi Authorities Discuss Plans to Implement Liquid Displacement Program

Saudi authorities are discussing plans and efforts to displace liquid fuels and replace them with the electric grid.
Saudi authorities are discussing plans and efforts to displace liquid fuels and replace them with the electric grid.
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Saudi Authorities Discuss Plans to Implement Liquid Displacement Program

Saudi authorities are discussing plans and efforts to displace liquid fuels and replace them with the electric grid.
Saudi authorities are discussing plans and efforts to displace liquid fuels and replace them with the electric grid.

Saudi authorities are discussing plans and endeavors to displace liquid fuels and replace them with the electric grid, in a step that aims to achieve sustainable development according to Vision 2030.

These plans were put forward during a workshop organized by the Ministry of Agriculture.

Mohammad Abdel-Latif, head of the program’s agricultural team, explained that several tracks were set for different sectors, with the aim to reduce liquid fuel consumption by 95 percent by 2030.

He noted that the program sought to replace alternative energy sources through the connection with the electricity grid, in addition to enhancing operational capacity and reducing external factors affecting the sustainability of the environmental sectors.

Abdel-Latif also stated that the Ministry of Environment, Water and Agriculture was working to achieve integration by connecting farms to the electrical network, and reduce the use of liquid fuels, within its endeavor to achieve the sustainability of the sector and enhance local production.

He explained that the program provides soft loans that allow farmers to implement the necessary internal adjustments.

According to the ministry, the program will be implemented in three phases. The first consists of obtaining data from farms on fuel consumption in order to estimate the electrical load. The second phase includes planning the delivery of the service and determining the timeframe for the implementation of the changes required by the displacement program, while the third involves the connection to the electrical grid.



Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
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Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo

Türkiye has received an exemption for gas payments to Russia after the United States imposed sanctions on Gazprombank, Turkish Energy Minister Alparslan Bayraktar revealed in response to a question from Reuters.

The US imposed new sanctions on Russia's Gazprombank in November, creating an obstacle for buyers of Russian gas, which had been using the bank to make payments. They have since been seeking clarification and exploring other ways to pay.

Türkiye imports almost all its gas requirement and Russia is the top supplier, providing more than 50% of the country's pipeline imports.

Ankara's pipeline gas imports from Russia stood at 21.1 bcm last year.

Türkiye had requested an exemption in discussions with US officials so that it can continue paying for Russian natural gas imports via Gazprombank.

The US on Thursday also granted a waiver to Hungary, which mainly relies on Russian oil and gas.