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Saudi Arabia announces plans to become a major player in the growing natural gas industry and looking to make investments in Russia, Australia, the U.S., and Africa. Saudi Aramco Chief Executive said: “Gas is a major market and we want to be one of the largest players,” Riyadh is planning to increase its LNG export to 3 billion cubic feet per day by 2030, and replace the 800,000 oil barrels used daily to generate electricity with LNG.

Saudi Arabia Plans Major Investments in LNG

Saudi Arabia announces plans to become a major player in the growing natural gas industry and looking to make investments in Russia, Australia, the U.S., and Africa.

Saudi Aramco Chief Executive said: “Gas is a major market and we want to be one of the largest players,”

Riyadh is planning to increase its LNG export to 3 billion cubic feet per day by 2030, and replace the 800,000 oil barrels used daily to generate electricity with LNG.

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