Effect of Energy Market Globalization over Power Sector of GCC Region: A Short Review
- 1 Institute of Industrial and Manufacturing Engineering, Pakistan Navy Engineering College, National University of Science and Technology, Karachi, Pakistan
- 2 Institute of Industrial and Manufacturing Engineering, Pakistan Navy Engineering College, National University of Science and Technology, Karachi, Pakistan；Department of Electrical Engineering, College of Engineering, King Saud University, Riyadh, KSA.
Abstract
Globalization of energy market in GCC countries is deepening not only through free-flowing international trade but also through foreign investment, market-driven domestic economies and industrialization. GCC nations are transforming their energy industry and market around the world which is promising their economic efficiency and technology development. Nevertheless, this open energy market across the world has raised a question about energy security and power demand. This energy market globalization has pushed the GCC Nations to pay attention to the control of supply and demand of power. Interconnection of power network between the GCC Region is optimistic pace to secure the future anticipated power fallouts. And also installation of Renewable Energy projects will support GCC to accommodate their increasing power demand. This paper discusses about how the energy market globalization has effect the power supply and demand of GCC nations, their concerns and recent progress towards its resolution.
- B. Petroleum, “BP Statistical Review of World Energy,” 2011.
- Outlook, “Energy Information Administration,” US Department of Energy, 2010.
- D. Allen, “Globalization and Energy Supply: Strategic Risk in the 21st Century,” Deloitte, 2004. http://books.google.com.sa/books?id=LjZqAAAACAAJ
- J. Al-Alawi, S. Sud and D. McGillis, “Planning of the Gulf States Interconnection,” IET International Conference on AC and DC Power Transmission, 1991, pp. 3843.
- “Electricity Consumption 2009,” 2009. http://www.photius.com/rankings/economy/electricity_consumption_2009_0.html
- J. Al-Alawi, S. Sud and D. McGillis, “Planning of the Gulf States Interconnection,” WSTA Fourth Gulf Water Conference, Bahrain, 13-18 February 1999, pp. 71-75.
- J. Al Alawi, S. Sud and D. McGillis, “Planning and Design of the Gulf States Interconnection,” IEEE Power Engineering Review, Vol. 14, No. 12, 1994, pp. 30-34.
- J. Al-Alawi, S. Sud and D. McGillis, “Planning of the Gulf States Interconnection,” IEEE, Panel Session: Middle East Policy on Electricity Infrastructure, Interconnections, and Electricity Exchanges, San Franciso, 1994, pp. 24-28.
- Karim, N. Maskati and S. Sud, “Status of Gulf Co-Operation Council (gcc) Electricity Grid System Interconnection,” Power Engineering Society General Meeting, 2004, pp. 1385-1388.
- The GCC Interconnection Authority (GCCIA), “Gccia Grid,” 2011. http://www.gccia.com.sa
- E. Woertz, “Alternative Energy Trends and Implications for Gcc Countries,” Gulf Research Center, Dubai, 2008.
- KACST, “‘An Overview of Kacsts Scientific Activities’.” http://www.kacst.edu.sa/inst/eri/spap.php
- F. S. Huraib, “Saudi Arabiar&D Effort in the Field of Solar Energy.” http://www.un.int/saudiarabia/solar3
- S. A. Al-Athel, “Solar Energy in the Kingdom of Saudiarabia.” http://www.un.int/saudiarabia/solar2
- “Solar Energy in the Kingdom of Saudiarabia.” http://www.un.int/saudiarabia/solar2
- S. M. H. F. S. Huraib and S. H. Alawaji, “Solar Energy Projects in Saudiarabia.” http://www.un.int/saudiarabia/solar1.
- “Saudi Arabia and Solar Energy a Special Section,” 1981. http://www.saudiaramcoworld.com/issue/198105/saudi.arabia.and.solar.energy.a.special.section.htm