Aramco Plans To Significantly Boost Gas Output

From OilPrice:

Aramco has plans to increment its natural gas production past times 64 percentage from the electrical flow xiv billion cubic meters daily to 23 billion cubic meters, the company’s primary executive officer, Amin Nasser, said at an manufacture number inwards Dubai equally quoted past times S&P Global Platts.

Natural gas is amidst Aramco’s superlative priorities for the hereafter along amongst downstream unsmooth stone oil operations amongst a item focus on petrochemicals.

The companionship volition invest around US$160 billion inwards raising its natural gas production, Nasser said, equally part of a larger US$500-billion investment programme for the adjacent decade. Natural gas production capacity volition hold out boosted to 25 billion cubic meters.

The companionship volition pursue both conventional gas developments as well as unconventional ones, the executive too said. Earlier this year, Aramco began production of unconventional gas at the North Arabia field. Production from the champaign was seen to ramp up from the initial 55 1 one m thousand cu ft per 24-hour interval to 190 1 one m thousand cu ft per 24-hour interval past times the halt of this year.

As part of its gas plans, Aramco before this calendar month MORE