Aramco Expands Gas Ops: $25bn Contracts

By Author: Ben Gross
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Aramco, one of the world's leading integrated energy and chemicals companies, has awarded contracts worth more than $25 billion to progress its strategic gas expansion, which targets sales gas production growth of more than 60% by 2030, compared to 2021 levels.

The contracts relate to phase two development of the vast Jafurah unconventional gas field, phase three expansion of Aramco's Master Gas System, new gas rigs and ongoing capacity maintenance.

Amin H. Nasser, Aramco President & CEO, said: "These contract awards demonstrate our firm belief in the future of gas as an important energy source, as well as a vital feedstock for downstream industries. The scale of our ongoing investment at Jafurah and the expansion of our Master Gas System underscores our intention to further integrate and grow our gas business to meet anticipated rising demand. This complements the diversification of our portfolio, creates new employment opportunities, and supports the Kingdom's transition towards a lower-emission power grid, in which gas and renewables gradually displace liquids-based power generation. To get where we are ...
... today, a lot of hard work, innovation and a strong 'can do' spirit has been demonstrated by teams across our vast network of suppliers and service providers, who have joined Aramco on this journey to build and expand our world-class energy infrastructure."

More Information : https://www.techdogs.com/tech-news/pr-newswire/aramcos-strategic-gas-expansion-progresses-with-25bn-contract-awards