Saudi Aramco CEO Amin Nasser
Aramco advances gas and LNG strategies on all fronts
Saudi Arabia has made major advances in realising its gas ambitions this year, but challenges remain
Saudi Arabia has long been a gas island—neither an importer nor an exporter, and with no involvement in the most dynamic sector of the industry: LNG. This is despite being one of the world’s largest producers and consumers of the fuel. The country’s national energy and chemicals company, Saudi Aramco, is now working full throttle to change that situation. Aramco has set itself a target of boosting its gas production by 60% over 2021’s level of 104bcm to more than 165bcm/yr by 2030. The projects underway to achieve this are part of a massive capex programme that this year alone will require investment of $48–58b. “We have big ambitions in terms of growing our LNG portfolio, through incr
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
