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Saudi Aramco plans to invest $150bn over the next 10 years in its bid to boost raw gas production to 23bn cfd by 2026 ( MEES, 15 December 2017 ). CEO Amin Nasser told the Gulf Petrochemicals and Chemicals Association (GPCA) conference in Dubai this week that output currently stands at 14bn cfd.
If accurate, this is a substantial increase on the 2017 average of 12.4bn cfd reported in the firm’s annual report ( MEES, 24 August ). The most recent gas facility to come online was the Turaif unconventional project in northern Saudi Arabia in late-2017, but at just 55mn cfd current output hardly moves the needle.
Commercial output began in May and comes from a single surface processing facility (SPF), but Aramco says four more SPFs will come online by the end of the year taking capacity to 195mn cfd. Volumes currently supply a nearby 1.39GW integrated solar CCGT plant and will help displace liquid fuels, freeing them up for export ( MEES, 10 August ). (CONTINUED - 939 WORDS)
DATA INSIDE THIS ARTICLE
|chart||Saudi Oil Burning*: Volumes On Course To Fall To Five-Year Low ('000 B/D)|