• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 2 hours One Last Warning For The U.S. Shale Patch
  • 9 hours Once Upon A Time... North Korea Abruptly Withdraws Staff From Liaison Office
  • 10 hours Oil Slips Further From 2019 Highs On Trade Worries
  • 1 hour Modular Nuclear Reactors
  • 1 day Chile Tests Floating Solar Farm
  • 10 hours Poll: Will Renewables Save the World?
  • 3 hours Climate change's fingerprints are on U.S. Midwest floods
  • 5 hours Read: OPEC THREATENED TO KILL US SHALE
  • 2 days China's E-Buses Killing Diesel Demand
  • 2 days China's Expansion: Italy Leads Europe Into China’s Embrace
  • 2 days Trump Tariffs On China Working
  • 2 days Biomass, Ethanol No Longer Green
  • 1 day US-backed coup in Venezuela not so smooth
  • 2 days New Rebate For EVs in Canada
Alt Text

Local Gas Shortage Threatens Australia’s LNG Dream

Australia’s ambitions of becoming a…

Alt Text

Pakistan Aims To Become A Natural Gas Hotspot

Positioned perfectly in the Asian…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing for news outlets such as iNVEZZ and…

More Info

Trending Discussions

Saudi Arabia Aims To Become Large Natural Gas Exporter

Saudi Arabia aims to export as much as 3 billion cubic feet of gas per day by 2030, the chief executive of the Kingdom’s oil giant Saudi Aramco said on Tuesday.

Aramco will solely develop Saudi Arabia’s conventional and unconventional gas reserves, and the options for exports include exports via pipelines and liquefied natural gas (LNG), Aramco’s president and chief executive Amin Nasser said at an industry event in London.

In November last year, Nasser said at an event in Dubai that Saudi Aramco, already a top global oil producer but not as strong in gas production, will boost efforts to grow its natural gas output, from both conventional and unconventional reserves.

Saudi Aramco’s gas development program is expected to attract as much as US$150 billion in investment over the next decade, Nasser said. Natural gas production is expected to jump to 23 billion standard cubic feet a day from the current 14 billion cubic feet a day, Aramco’s top executive said in Dubai a few months ago.

“We also have world-class unconventional gas resources that are rapidly supplementing our large conventional resources. Because a significant proportion of this unconventional gas is rich in both liquids and ethane, its production will play an important role in the further growth of the Kingdom’s chemicals sector,” Nasser said, noting that as at November 2018, Aramco had 16 drilling rigs concentrating on unconventional gas and more than 70 wells completed in 2018.

Aramco also plans to create an integrated international gas business, backed by the vast conventional and unconventional domestic resources, the manager said.

In an interview with Arab News on the sidelines of the World Economic Forum in Davos last month, Nasser said:

“By 2030, 75 percent of the utilities sector (in the Kingdom) will be on gas, and the rest will be renewable and nuclear alternatives. So we will have gas going outside the Kingdom to export markets, either by pipeline or by LNG. So (we) will be exporters for the first time.” 

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment
  • John Di Laccii on March 02 2019 said:
    Saudis ar aiming at lot of things, but otcomes are always nearing to zilch, with eception of crude oil. Even that they could not exploit without foreigners and western demand. Drying oilfields will reveal themselves in their full grandour in a mater of years. Aramco IPO? A comedy for neive. Very cunning Mr. Khaleed Al Faleh, very cunning, but do not forget to keep on pumping water in your wells.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News