Future of Saudi Arabia Liquefied Natural Gas (LNG) Market
Introduction Saudi Arabia’s energy landscape is evolving, with natural gas emerging as a critical pillar of its diversification strategy under Vision 2030. The liquefied natural gas (LNG) market in the Kingdom is expected to witness rapid expansion between 2025 and 2030. According to MarkNtel Advisors, the market value is forecast to nearly double from USD 731 million in 2024 to USD 1,430 million by 2030, registering a CAGR of around 11.83%. This reflects how LNG is positioned to support cleaner energy adoption and reduce reliance on crude oil for power generation. Market Growth Drivers Rising Energy Demand – Industrial growth, urbanization, and population increases are driving up electricity consumption, especially during peak cooling seasons. LNG offers a reliable alternative to burning crude oil for power generation. Policy & Environmental Pressures – The Kingdom is aligning with global decarbonization trends. LNG emits fewer gre...