US EditionPublished • loading... • Updated
Saudi Aramco bringing shale gas revolution to Arabian Desert
Aramco aims to replace 500,000 barrels per day of crude with gas by 2030, generating $12 billion to $15 billion in annual cash flow, supporting Vision 2030 economic goals.
- On Thursday, Aramco announced the start of production at Jafurah, saying output began in December 2025.
- Given Jafurah's vast reserves, the project answers long-standing domestic energy needs, supporting Saudi Arabia's Vision 2030 goals to shift from liquids to gas.
- To build Jafurah, Aramco awarded about $12 billion in early contracts and used 'walking rigs', Gulf seawater treatment, and diamond drill bits, targeting 2 billion standard cubic feet per day of gas by 2030.
- Aramco projects $12 billion to $15 billion of incremental operating cash flow by 2030, with 500,000 bpd crude substitution at $70 per barrel, supporting long-term LNG plans.
- Amid regional LNG expansions, market oversupply risks may weigh on prices as Qatar grows capacity and U.S. LNG supplies rise; industry analysts question Jafurah's ramp-up pace, while Monica Malik projects 0.3% Saudi GDP growth from it in 2026.
Insights by Ground AI
9 Articles
9 Articles
Coverage Details
Total News Sources9
Leaning Left0Leaning Right2Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
Factuality
To view factuality data please Upgrade to Premium
