Gas Project Signing
VIDEO: CEO announces next phase of gas projects
Jafurah and Master Gas System expansion mark two important milestones that pave the way for a more prosperous future.
Amin Nasser, president and CEO
Signing ceremony for Jafurah Phase II and MGS Phase III
This ceremony marks the beginning of a new era.
The contracts we announce today, valued at more than $25 billion, start a new phase of development for two mega-projects that will take our world-class natural gas capabilities to the next level.
The first project is the third expansion of the Master Gas System.
The system has been the backbone of industrial development in the Kingdom for nearly five decades. Now, we begin work to expand its reach with 17 new gas compression trains and 4,000 more kilometers of pipeline.
The second project is Phase 2 of development at Jafurah, the largest unconventional gas field in the Middle East.
Together, these two mega-projects share four core qualities. First, both leverage the potential of natural gas, which will increasingly displace the burning of liquids.
Second, they will help ensure the reliable supply of more efficient energy that Saudi Arabia’s industries need to maintain their growth.
Third, they will strengthen the local supply chain, enhancing our iktva program through new partnerships and by expanding existing ones.
Fourth, both reflect the unique blend of innovation, spirit of teamwork, and entrepreneurial drive that define Aramco and the Kingdom.
I am proud of all that we have achieved together, and am inspired by all the progress that I know lies ahead.
