Middle East gas sector eyes $200 billion investment to meet surging power demand


Jassim Alshirawi, Secretary General, International Energy Forum (IEF) said:”As the global energy landscape rapidly evolves, one fact is clear across all scenarios: the world will need sianificantlv more energy that is reliable, affordable, and lower-carbon. This places natural gas at the center of the global energy strategy. At Aramco, we are advancing one of the most ambitious gas expansion programs in our history, targeting an ~80 per cent increase in sales gas production capacity by 2030 versus 2021 production levels, resulting in reaching around 6 million barrels of oil equivalent per day of total gas and associated liquids. This growth is expected to deliver $12-15 billion in incremental operating cash flow. With among the lowest upstream costs carbon and methane intensities, leading technologies, exceptional talent, and strong partnerships, we are helping build an energy system that works for all.”


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