Saudi Aramco Sees Shale Gas as Kingdom's Next Energy Bonanza
- Top oil exporter targets 15-fold surge in unconventional gas
- Aramco to inject seawater to unlock gas in crude-rich east
Photographer: Simon Dawson/Bloomberg
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The world’s biggest oil exporter is ramping up efforts to develop natural gas with plans for a 15-fold boost in output from unconventional deposits of the fuel.
Saudi Aramco is building facilities to tap shale gas in the kingdom’s oil-rich eastern region and is making “a lot of progress” toward this goal, Chief Executive Officer Amin Nasser told reporters in Dammam, Saudi Arabia. Plans include a plant to desalinate seawater that Aramco can then inject underground to frack for gas.