Aramco signs over $25 bln of deals for main gas network and Jafurah gas field

Saudi Arabia’s state oil company Aramco 2223.SE has signed contracts worth more than $25 billion for the second phase of the expansion of its Jafurah gas field and the third phase of expanding its main gas network, its CEO Amin Nasser said on Sunday.
Saudi Arabia is working on developing its unconventional gas reserves, which require advanced extraction methods such as those used in the shale gas industry.
Jafurah is the kingdom’s largest unconventional non-oil associated gas field and is potentially the biggest shale gas development outside the United States, with reserves reaching 229 trillion cubic feet of gas and 75 billion barrels of condensates.
“By generating an anticipated 2 billion standard cubic feet per day of sales gas by 2030, this bold initiative will strengthen Saudi Arabia’s position as one of the top national gas producers in the world”, said Nasser, speaking of the Jafurah field at a contracts award ceremony in Dhahran.
The main gas network expansion will add 4,000 more kilometers of pipelines, boosting capacity by around 3.2 billion standard cubic feet per day and connecting several additional cities from across the country to the network, he said.
Companies awarded contracts for the expansion in Jafurah included a consortium involving Hyundai Engineering & Construction 000720.KS, while Chinese state energy giant Sinopec 600028.SS figured among the firms involved in the main gas network expansion.
Source: Reuters reported by Jaidaa Taha, Adam Makary in Cairo and Federico Maccioni in Dubai and edited by Timothy Heritage and David Holmes
Related News.
September 28, 2026
Global Flag State Ranking 2026 who is up, who is down
Lorrendraaier publishes Global Flag State Ranking 2026: 148 flags measured on objective data, Singapore leads, Pakistan falls 35 places, the Dutch…
September 28, 2026
Will Germany have enough gas this winter?
As of mid-September 2026, Germany had stored just about 141 terawatt-hours of gas, accounting for around 57% of the country’s total storage…
September 28, 2026
Record diesel prices put US policy options in focus
Record-high diesel prices and tight inventories have put US exports under scrutiny, but keeping more barrels at home may offer only temporary…
September 28, 2026
IUMI elects Sean M. Dalton as President and says farewell to Frédéric Denèfle
The International Union of Marine Insurance (IUMI) has elected Sean M. Dalton as its new President. The election took place today at a meeting of the…
September 28, 2026
F/V MISTRESS Shipwreck ‘Lost’ Near Block Island Located After Seven Years
Green Oceans’ Underwater Investigation Reveals a Shipwreck Presumed to be the F/V Mistress found at the Base of Block Island Turbine #1 - Asks…
September 28, 2026
OCEAN at 50 celebrating a proud past and Maritime Future
OCEAN, the European sub-committee of ISSA, celebrated half a century of service to Europe’s ship supply sector with a landmark anniversary conference…
September 28, 2026
DORIC MONTHLY BRAZIL BAROMETER SEPTEMBER 2026
Pls find below the DORIC MONTHLY - BRAZIL BAROMETER SEPTEMBER 2026 BRAZIL_BAROMETER_SEPTEMBER_2026
September 28, 2026
Steel flows face fresh challenges in the final quarter of 2026
Steel flows slip into negative growth in July 2026 Global steel flows fall 1% y/y in July 2026 to reach 22.2 Mt. China’s share of global steel…
September 28, 2026
Insurance must shift “from repair to prevention”, says IUMI
Marine insurers will need to place greater emphasis on loss prevention as risks become more complex and costly to insure, according to Pascal Dubois,…
September 28, 2026
BIMCO’s Container Shipping Market Overview & Outlook September 2026 is out
Container Shipping Market Overview & Outlook Supply pressure is mounting "Disruptions and strong growth in head-haul trades continue to support…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved























