• 5 minutes China Faces Economic Collapse
  • 8 minutes ZeroHedge: Oil And Gas Bankruptcies To Accelerate As $137 Billion Debt Matures Over Next Two Years
  • 11 minutes Trump Will Win In 2020
  • 14 minutes Oil Production Growth In U.S. Grinds To A Halt
  • 42 mins Drone attacks cause fire at two Saudi Aramco facilities, blaze now under control
  • 8 mins Never Bring A Rapier To A Gun Fight
  • 9 hours The Belt & Road Initiative: A Wolf in Sheep's Clothing?
  • 1 hour Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 3 hours One of the fire satellite pictures showed what look like the fire hit outside the main oil complex. Like it hit storage or pipeline facility. Not big deal.
  • 7 hours USAvChina.com
  • 12 hours Aramco Production
  • 38 mins Democrats and Gun Views
  • 1 hour Lest We Forget... A Brief Timeline of China's Modern History
  • 13 hours Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 56 mins Iran in the world market
  • 2 hours Visualizing US Oil & Gas Production (Through May 2019)
  • 12 hours Oil Slide Worries Traders. *relax* This Should Get Sorted by Year End.
Alt Text

Moscow Fuels Artic LNG Race With Billions Of Dollars

Russia’s largest private natural gas…

Alt Text

Can China Double Its Gas Output By 2040?

China is scrambling to double…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

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



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
Download on the App Store Get it on Google Play