Business · Energy & Commodities · 1 hr ago
Saudi Aramco targets 80% growth in gas sales by 2030
Saudi Aramco aims to raise gas sales by up to 80% by 2030, compared with 2021 levels.
The target was outlined by Abdulkarim Al-Ghamdi, the company’s executive vice president for gas, at the World Petroleum Congress.
Aramco says it carried out its biggest expansion of its gas business, with six to seven processing plants and facilities built and put into operation between 2025 and 2027.
The company sees gas as important for meeting Saudi Arabia’s domestic energy needs and supporting its petrochemical and manufacturing industries.
The expansion is intended to support those needs and industries as gas operations grow.
Aramco said 75% to 90% of resources were localized through its IKTVA program, helping protect operations from external disruptions.
The company says local expertise and technology will help sustain growth and resilience in the gas sector.
Saudi Aramco aims to increase gas sales by up to 80% by 2030 compared with 2021 levels.
The company’s gas executive said the expansion involved building and operating six to seven gas plants and processing facilities between 2025 and 2027.
He described gas as a key driver of domestic energy supply and support for petrochemical and manufacturing industries.
Aramco said localising 75% to 90% of resources under its IKTVA programme helps protect operations from external disruptions.
The company identified national talent and technological integration as central to sustaining growth in the gas sector.
- Who
- Saudi Aramco, represented by its Executive Vice President for Gas, Abdulkarim Al-Ghamdi.
- What
- Aramco aims to increase gas sales by up to 80% by 2030 compared with 2021.
- When
- The target is for 2030. Six to seven facilities were built and commissioned during 2025–2027.
- Where
- Saudi Arabia; the remarks were made at a World Petroleum Congress session.
- Why
- Gas is intended to meet domestic energy needs and support petrochemical and manufacturing industries.
This story does not have two clearly opposing sides.
Aramco built and commissioned six to seven gas plants and processing facilities.
Aramco aims to raise gas sales by up to 80% compared with 2021 levels.
- Sales target
- Up to 80% growth by 2030 versus 2021
- Facilities
- 6 to 7 gas plants and processing facilities
- Expansion period
- 2025–2027
- Resource localisation
- 75% to 90% under the IKTVA programme
- Speaker
- Abdulkarim Al-Ghamdi, Executive Vice President for Gas
Sources
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