Saudi Aramco announced plans to increase gas production

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Saudi Aramco, the state-owned oil company of Saudi Arabia, plans to invest about $150 billion in the next 10 years to increase gas production in order to export it further. This was stated by its CEO, Amin Nasser, Reuters writes. It is planned that gas production per day will increase to 23 billion standard cubic feet compared to the 14 billion cubic feet currently mined. He noted that world-class unconventional gas resources in the country, in addition to traditional resources, will be used to develop the chemical sector. Nasser said that Saudi Arabia, which uses gas only in the domestic market, intends to become an exporter of gas.

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