Business · Energy & Commodities · 8 hrs ago

Saudi Arabia and Qatar explore energy export routes around Hormuz

Saudi Arabia and Qatar explore energy export routes around Hormuz

Saudi Arabia and Qatar are looking at new pipelines to export oil and gas without relying on the Strait of Hormuz.

Tensions have highlighted the risks of depending on the waterway.

One proposal would send Qatari gas to a liquefied natural gas facility in Fujairah or Oman.

The project is estimated to cost about $25 billion, but it has not been approved.

At the same time, Saudi Aramco is investing more than $100 billion in the Jafurah gas field.

Saudi Arabia aims to raise its gas production by 80% by 2030 compared with 2021 levels.

The plans seek to increase energy production and create other routes to reach markets.

What people are saying

The project has not been approved so far.
Al Eqtisadiahnews reportvia Al Eqtisadiah
Saudi Arabia is moving on two parallel tracks: increasing energy production and developing alternative export routes.
Al Eqtisadiahnews reportvia Al Eqtisadiah

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