Aramco will revolutionize the natural gas market with a project of 10,000 million dollars


Share on social networks

inspenet - 1773

Inspenet, May 7, 2023

Saudi oil company Saudi Aramco is seeking partners for an ambitious natural gas project in Jafurah, one of the world’s largest virgin fields, located in Saudi Arabia. The company has started talks with companies like Sinopec and Total Energy to raise $10 billion to finance the project.

This project is part of the Saudi export diversification strategy, which seeks to exit the oil market and explore other sources of energy. Jafurah, with its 200 trillion square feet of natural gas, has become an essential target in reaching that goal.

TerraPower construye una planta de reactores nucleares
El robot Eve ahora obedece comandos de voz
En China estan fabricando robots con expresiones faciales
El desarrollo y entrenamiento de robots humanoides de Tesla
Captura directa de aire de tercera generacion la nueva tecnologia de Climeworks
Bill Gates and TerraPower build nuclear reactor plant in the U.S.
Eve robot now obeys voice commands
China is making robots that perform facial movements
Tesla announces that two autonomous humanoid robots are working in one of its factories.
Third-generation direct air capture: the new Climeworks technology
previous arrowprevious arrow
next arrownext arrow

To achieve this, Aramco is seeking to build liquefied natural gas (NGL) processing and export facilities, and to do so it needs the help of investors who can finance intermediate and downstream projects in the development of Jafurah.

1773 Aramco proyecto gas 1

Jafurah, the gas field that makes Aramco a key player in the energy market

Natural gas production at Jafurah will begin in 2025, and by 2030, the company’s goal is to achieve daily sales of more than 2 billion cubic feet. In addition, Aramco has been in talks with infrastructure investing private equity firms to offer stakes in projects including carbon capture and storage facilities, pipelines and hydrogen production facilities.

Financial support is pouring in from various sources, including investment bank Evercore, demonstrating the interest and importance of the project not only for Aramco, but also for the Saudi economy and the global energy sector.


Cover photo: Editorial credit: rarrarorro /

Internal photo: Ahmad El Itani / Saudi Aramco / AFP

Don’t miss the Inspenet News at:

Share this news on your social networks

Rate this post
1 star2 stars3 stars4 stars5 stars (No rating yet)
loading spinnerLoading...