Saudi Finance Ministry says Aramco Jafurah Gas Plant has begun production
Saudi Finance Ministry announced on Tuesday that the first phase of Aramco’s Jafurah Gas Plant is completed and production with a capacity 450 million cubic foot per day has started.
The ministry included the achievement in its budget statement for 2026. Jafurah could be the largest shale-gas project outside of the U.S. It is expected to achieve sustainable production levels of 2 billion cubic foot per day by 2030.
Aramco's CEO Amin Nasser said that the first phase of the project was expected to be completed by the end this year during a quarterly earnings call held last month.
Aramco in the early part of this year
Raised $11 billion
A lease-and-leaseback agreement for its Jafurah Gas Processing Facilities with a consortium headed by Global Infrastructure Partners (part of BlackRock) was signed.
Aramco's ambitious plans to be a global leader in natural gas, and to boost its production capacity, are centered around the $100 billion Jafurah Project. It is estimated that it contains 229 trillion standard cubic feet of raw gas.
The production of crude oil for export will be increased. Currently, it is used to generate electricity in the country.
Aramco didn't immediately respond to a request for comment sent via email. Yousef SABA, Mark Heinrich and Chris Reese edited the report.
(source: Reuters)
