The strategy, internally called "Project Gamma," seeks to carve out the domestic gas operations to manage a surplus of up to 50 billion cubic meters of spare gas annually. This volume is produced by the $100B Jafurah field, which began production last year. While Riyadh intends to use the excess for AI data centers and to shift power plants from oil to gas, it currently lacks the liquefaction plants necessary to export the surplus as LNG.
Wednesday, October 21, 2026
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Iran Conflict Hinders Aramco Gas Listing Despite Bumper Profits
Commodities14 days ago
The state-owned energy firm's plans to monetize its growing natural gas assets are being stalled by security risks stemming from regional hostilities. Tensions with Iran are complicating Saudi Aramco's efforts to restructure its business, and the potential for Iranian attacks on energy infrastructure makes launching an initial public offering for a separate gas unit difficult, the Financial Times reported. These obstacles persist even as higher oil prices have provided the company with bumper profits.
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