Saudi Aramco Bets on Unconventional Field in $25-Billion Gas Expansion
The world’s biggest oil company and crude oil exporter, Saudi Aramco, is betting big on its unconventional natural gas reserves to strategically grow its domestic and international gas and LNG business. Aramco has been seeking a greater role in the global LNG market as it plans to ramp up its natural gas production and trading business. The oil giant is looking to boost its domestic natural gas supply, to replace direct crude burn for its power generation and free up more crude for exports. As part of its strategic…