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Saudi Arabia develops costly energy options
Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, emphasized that the kingdom is working to develop additional energy transportation alternatives, despite their higher costs, as part of its efforts to enhance global oil supply security. He pointed out that constructing new pipelines requires significant investments, but the cost of lacking alternatives is even greater due to geopolitical challenges and disruptions in traditional shipping routes. Saudi Arabia believes that strengthening international cooperation is essential to ensuring energy market stability. Currently, the kingdom is hosting international events in Riyadh to discuss these issues, with the participation of over 70 ministers and 300 top executives from 100 countries.
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