Saudi announces new natural gas discoveries in Empty Quarter, Eastern Province

Aramco, overwhelmingly an oil producer, aims to boost its gas production by 50% by 2030 from 2021 levels. It said in late September that it agreed to acquire a strategic minority stake in liquefied natural gas (LNG) company MidOcean Energy for $500 million, with an option to increase the stake – part of its push into natural gas.

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