Saudi Arabia to be largest natural gas exporter by 2030

Seetao 2022-02-28 09:57
  • Saudi Arabia plans to become largest natural gas, oil exporter by 2030 to stabilize economic development
Read this article
6 Minutes

Saudi Aramco, the world's largest oil exporter, has discovered many new gas fields in different parts of the country. Saudi Energy Minister Prince Abdulaziz bin Salman said the new gas fields were discovered in the central region, empty areas near the northern border and in the eastern part of the country. A natural gas field called Sandun was discovered in the central region, with a flow of 27 million standard cubic feet per day of natural gas and 3,300 barrels of condensate. The field is located 180 kilometers southeast of Riyadh, it said.

The Shehab field in the empty area produces 31 million standard cubic feet of gas per day from Shehab-1. Gas is also available in the Empty Quarter, 120 kilometers southwest of the Shaybah field, where the Al-Shorfa-2 well is reported to have a flow of 16.9 million standard cubic feet per day of gas and 50 barrels of condensate. to the statement. Another gas field was discovered in the northern border area, 71 kilometers southeast of the city of Aral. Gas from the Umm Khanasser-1 well is flowing at 2 million standard cubic feet per day and contains 295 barrels of condensate.

"The Samna field of unconventional gas is also found in the eastern region, south of the Ghawar field and 211 kilometers southwest of Dhahran city, with 24 barrels of condensate flowing out of the Samna-2 well at a rate of 5.8 million standard cubic feet per day," Ah Prince Abdulaziz said. The discovery of new fields has come as global demand for natural gas has soared as the economy recovers from the coronavirus-induced slowdown and countries focus on cutting emissions. According to a new report from Shell, global LNG trade will grow by 6% to 380 million tonnes in 2021.

The world's second-largest economies, China and South Korea, lead LNG demand growth in 2021. China overtook Japan to become the world's largest importer amid a strong rebound in the epidemic, with imports rising by 12 million tonnes to 79 million tonnes, the report said. Saudi Arabia aims to become a natural gas exporter by 2030. It is also increasingly considering using natural gas for domestic power needs to free up crude oil for export. Keywords: engineering construction, engineering news

Earlier this month, Saudi Aramco completed a $15.5 billion gas pipeline lease and leaseback deal, struck in December with a group of companies led by BlackRock Real Estate and state-backed Hasana Investments. The global consortium has acquired a 49% stake in Aramco Gas Pipelines, a subsidiary of the world's largest oil exporter, with Aramco retaining a majority stake of 51% and full ownership and operational control of the gas pipeline network.Editor/XingWentao