SUBSCRIBE
PROFILE

Saudi Aramco invests $25 billion in production expansion

Saudi Aramco announces $25 billion in contracts to boost gas production, aiming for a 60% increase in sales by 2030.

Share:

Expansion production gaz Saudi Aramco

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

Saudi Aramco has awarded contracts totaling $25 billion to expand its natural gas production, responding to the expected increase in energy demand in Saudi Arabia. These contracts cover key projects in the unconventional Jafurah gas field, and are aimed at boosting production capacity to meet national targets. The sale of a large number of shares to foreign investors has undoubtedly encouraged these new investments.
Phase two of the Jafurah development has received sixteen contracts worth $12.4 billion. This field, rich in 229 trillion cubic feet of crude gas and 75 billion barrels of condensate, is central to Saudi Aramco‘s expansion strategy. At the same time, fifteen contracts worth $8.8 billion were signed for phase three of the expansion of the company’s master gas system, which distributes gas to customers across the country.

Increased infrastructure and capacity

Projects include the addition of 23 drilling rigs for $2.4 billion and two directional drilling contracts totalling $612 million. Thirteen well connection contracts at Jafurah, worth $1.63 billion, have also been awarded between December 2022 and May 2024. These developments are designed to increase Saudi Aramco’s gas production capacity, adding significant volumes of ethane, natural gas liquids (NGL) and condensate.
The Jafurah project is scheduled to start up in the third quarter of 2025, with a total investment of over $100 billion, targeting sales of 2 billion cubic feet per day (Bcf/d) by 2030. Saudi Aramco expects to increase its gas sales by at least 60% by 2030, compared with the 2021 baseline.

Compression and fractionation projects

The contracts cover the construction of gas compression facilities and associated pipelines, as well as the expansion of the Jafurah gas plant with gas processing trains, utilities, sulfur and export facilities. They also include the construction of new natural gas liquids fractionation facilities from Riyas to Jubail, with fractionation trains, storage and export services to process NGL received from Jafurah.
Saudi Aramco CEO Amin Nasser said these contract awards show the company’s confidence in the future of gas as an important energy source and vital raw material for downstream industries. The projects are expected to increase the company’s capacity by 3.15 Bcf/d by 2028, and to install 4,000 km of pipelines, as well as 17 gas compression trains.
These developments underline Saudi Aramco’s commitment to meeting the growing demand for natural gas and supporting the country’s energy goals. Current investments strengthen Saudi Aramco’s position as a world leader in the energy industry.

  • Popular on energynews.pro
US crude oil stocks rise by 3.9 million barrels
Germany urges European Union for more flexibility on 2035 combustion car ban
TotalEnergies confirms imminent investment decision for new LNG train in Texas
EQT signs 20-year deal for 1 Mtpa LNG with Commonwealth LNG
AquaVentus and Hydrogen Scotland partner on North Sea hydrogen production corridor
Argentina targets Brazil for gas exports despite Bolivian fees
Argentina aims to boost gas sales to Brazil by 2030, but high transit fees imposed by Bolivia require significant public investment to secure alternative routes.
Russian Arctic LNG 2 deliveries to Asia to slow this winter
The accelerated arrival of Russian cargoes in China has lowered Asian spot LNG prices, but traffic is set to slow with the seasonal closure of the Northern Sea Route.
Nigeria and Libya study 3,300 km gas pipeline to connect to Europe
Nigeria and Libya have initiated technical discussions on a new pipeline project to transport Nigerian gas to Europe through the Mediterranean network.
China–Russia: Beijing secures a gas hedge with PoS2 and LNG cargoes
Shipments of liquefied natural gas and higher pipeline flows strengthen China’s gas optionality, while testing the sanctions regime and reshaping price–volume trade-offs for the next decade.
Canada fast-tracks five major energy and mining projects
The Canadian government aims to reduce approval delays for strategic projects, including liquefied natural gas, nuclear and mining operations, amid growing trade tensions with the United States.
Sub-Saharan Africa LNG exports expected to triple by 2034
Liquefied natural gas exports in sub-Saharan Africa will reach 98 bcm by 2034, driven by Nigeria, Mozambique, and the entry of new regional producers.
Angola invests in natural gas despite technical challenges at Soyo
Backed by an ambitious public investment plan, Angola is betting on gas to offset declining oil output, but the Angola LNG plant in Soyo continues to face operational constraints.
Finland criticises Hungary and Slovakia over Russian oil purchases
Finnish President Alexander Stubb denounced fossil fuel imports from Russia by Hungary and Slovakia as the EU prepares its 19th sanctions package against Moscow.
JERA targets 20-year contract for Alaskan LNG with Glenfarne
Japanese giant JERA has signed a letter of intent to purchase one million tonnes of LNG per year from Alaska, as part of a strategic energy agreement with the United States.
Chevron and HelleniQ Energy submit joint bid for four gas blocks off Crete
US-based Chevron has submitted a bid with HelleniQ Energy to explore four offshore blocks south of Crete, marking a new strategic step in gas exploration in the Eastern Mediterranean.
GTT wins contract for LNG tanks on floating unit in Africa
GTT has been selected by Samsung Heavy Industries to design cryogenic tanks for a floating natural gas liquefaction unit, scheduled for deployment at an offshore site in Africa.
BlackRock and partners target $10.3 billion for Aramco gas deal financing
A consortium led by BlackRock is in talks to raise up to $10.3 billion to finance a gas infrastructure deal with Aramco, including a dual-tranche loan structure and potential sukuk issuance.
TotalEnergies strengthens its presence in the United States with Rio Grande LNG Train 4
TotalEnergies commits to Train 4 of the Rio Grande LNG project in Texas, consolidating its position in liquefied natural gas with a 10% direct stake and a 1.5 Mtpa offtake agreement.
McDermott wins major contract for $25bn gas liquefaction unit in Louisiana
Monkey Island LNG has awarded McDermott the design of a gas terminal with a potential capacity of 26 MTPA, using a modular format to increase on-site output density and reduce execution risks.
Two sanctioned Russian LNG carriers deliver to China despite restrictions
The Voskhod and Zarya vessels, targeted by Western sanctions, departed China’s Beihai terminal after potentially offloading liquefied natural gas from the Arctic LNG 2 project.
ADNOC Gas joins FTSE Emerging Index, unlocking up to $250mn in investments
ADNOC Gas will join the FTSE Emerging Index on September 22, potentially unlocking up to $250mn in liquidity, according to market projections.
BlueNord lowers Tyra production guidance for Q3 2025
Norwegian company BlueNord has revised downward its production forecasts for the Tyra gas field for the third quarter, following unplanned outages and more impactful maintenance than anticipated.
Monkey Island LNG integrates ConocoPhillips technology in strategic agreement
Monkey Island LNG adopts ConocoPhillips' Optimized Cascade® process for its 26 MTPA terminal in Louisiana, establishing a technology partnership focused on operational efficiency and competitive gas export pricing.
NextDecade signs 20-year LNG deal with EQT for 1.5 MTPA from Train 5
NextDecade has signed a liquefied natural gas supply agreement with EQT for 1.5 million tonnes annually from Rio Grande LNG Train 5, pending a final investment decision.
Sawgrass LNG extends supply contract with Barbados until 2030
Sawgrass LNG & Power has renewed its liquefied natural gas supply agreement with state-owned BNECL, consolidating a commercial cooperation that began in 2016.

Log in to read this article

You'll also have access to a selection of our best content.