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