The unconventional revolution is set to truly take hold in Saudi Arabia this year when the first phase of the $110bn Jafurah Basin gas development starts up in Q3. Slated to produce 2bn cfd of natural gas by 2030, alongside substantial liquids byproducts, initial output will be around 200mn cfd.
The Jafurah development in Eastern Province is a lynchpin of Aramco’s efforts to increase sales gas output by more than 60% versus 2021 levels to at least 14.7bn cfd by 2030 (see chart 1). This in turn is seen by Saudi Arabia as a key enabler of economic growth. As well as displacing upwards of 1mn b/d of liquids from the utilities sector, low-price, low-carbon gas is intended to underpin industrial growth. (CONTINUED - 799 WORDS)
