Saudi Aramco’s gas program is targeting almost $160 billion of investment in the next 10 years and an output increase of 64%, CEO Amin Nasser announced at the Gulf Petrochemicals and Chemical Association conference in Dubai Tuesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Our gas program will attract almost $160 billion of investment in the next 10 years, with production reaching close to 23 billion cubic meters/day, from a current rate of 14 billion cu m/day,” Nasser said. “And the capacity will be approximately 10 years from now [at] 25 billion cu m/day.” Nasser said unconventional gas resources will be increasingly used to complement conventional sources. Across the Gulf region there has been significant uptick in investment in unconventional gas exploration, with the UAE announcing several high-profile deals with international investors this month. Aramco’s increased gas production will be used to […]