Saudi Aramco intends to increase gas production by 50-60% by 2030
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The Saudi Aramco oil company plans to increase gas production by 50-60% by 2030, said its chief executive officer Amin Nasser, transmits Al Arabya.
According to the channel, last year the kingdom’s natural gas reserves increased by 2.2%, to 246.7 trillion cubic meters. feet (6.9 trillion cubic meters). Earlier, Saudi Energy Minister Abdulaziz bin Salman spoke of working to increase gas production by 60% through the construction of an additional 4,000 km of pipelines. On average, last year Saudi Aramco produced about 300 million cubic meters. m of natural gas and ethane per day, adds TASS.
Earlier, Saudi Aramco reported a decrease in net profit by 19%, to $31.9 billion in the first quarter. At the same time, the company’s profit was higher than expected. For example, according to analysts from Refinitiv, a net profit of $30.8 billion was planned. Saudi Aramco’s dividend payments for the first quarter amounted to $19.5 billion. results Saudi Aramco posted a record $161.1 billion in net income in 2022, up 46.5% from 2021.
In the spring of 2022, Bloomberg reported that the Saudi oil company raised the price of oil supplies to all regions of the world. At that time, prices for Arab Light oil for Asian buyers were increased by $9.35 per barrel in May.
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