Saudi Arabia Boosts Natural Gas Output

Saudi Arabia is making progress in boosting gas capacity, initiating major new projects meant to reduce the country's reliance on crude oil for producing electricity, The Wall Street Journal reports.

Jim Krane, the Wallace S. Wilson Fellow for Energy Studies, called the country’s gas shortage “a nightmare for Saudi Aramco, which has had to stand aside and watch as its precious export commodity gets burned in such wasteful fashion.”

The Wall Street Journal (subscription required):