The excess gas will support Riyadh's push into AI and data centers, as well as a transition of power plants from oil to gas to free up more crude for export. However, Saudi Arabia has never exported gas and lacks the liquefaction plants required for LNG shipments. An export terminal using Jafurah gas was proposed last year but was shelved to ensure domestic supply needs are met, despite current shortages in Europe.
Wednesday, October 21, 2026
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Aramco Plans Gas Unit Spin Off to Manage 50B Cubic Meter Surplus
Commodities14 days ago
Saudi Aramco is pursuing a strategy called "Project Gamma" to isolate its natural gas operations into a standalone company for a potential public listing. The move is intended to monetize a growing surplus of fuel generated by the $100B Jafurah field, which entered production last year. Wood Mackenzie estimates the kingdom could be left with as much as 50 billion cubic meters of spare gas annually once domestic needs are met.
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