Saudi Arabia, through its oil behemoth Saudi Aramco, is looking to decreasing its carbon footprint by creating a global gas business, Aramco’s CEO Amin Nasser said during an industry event in China on Tuesday. The move is part of company’s strategy to boost efforts to grow its natural gas output, from both conventional and unconventional reserves. Saudi Aramco is already a top global oil producer but still lagging behind in gas production. The oil giant is expanding its gas sector under an ambitious $150 billion investment plan over the next 10 years that will see production rise to 23 Bcf/d from its current 14 Bcf/d. Saudi Arabia aims to export as much as 3 billion cubic feet of gas per day by 2030. Eventually, Aramco aims to use gas for 70% of its power generation. Any surplus gas would be exported, and China’s market is robust. Saudi Aramco said […]