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Saudi Aramco to raise share in natural gas production
- Company will promote natural gas production, says head of Saudi Aramco

Saudi Aramco aims to double its natural gas production to 23 billion standard cubic feet per day over the coming decade, head of Saudi Aramco said Monday in Istanbul.

Speaking at the 22nd World Petroleum Congress, of which Anadolu Agency is the global communication partner, Amin H. Nasser, president and CEO of Saudi Aramco, said the company would promote natural gas production.

"Relying on new energy sources is a complicated situation, a new alternative energy source will not be able to meet the need of the whole energy demand," Nasser said.

According to Nasser, oil and natural gas will together continue to be major actors in the energy sector, but added that the share of alternative energy sources should increase.

"We need to stop using engines that use fossil fuels, and for that purpose we should contribute to low emission goals. We [Saudi Arabia] invested $1 billion for this technology alone. We are also considering capture and storage," Nasser said.

Nasser also indicated that Saudi Aramco aims to transform Saudi Arabia into a country that can supply its energy demand increasingly with a higher share from solar energy.

By Muhsin Baris Tiryakioglu

Anadolu Agency

energy@aa.com.tr

 

 

 

 

 

 

10 Jul,2017
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