Middle East Downstream Summit’s Post

#Algeria 🇩🇿 is to invest $50bn in oil and gas projects over the next four years as part of its strategy to boost production, the chief executive of the national #oil and gas company Sonatrach, has said. Sonatrach will invest $8.8bn in 2024 as part of the four year investment programme, which extends until the end of 2027. Under Algeria’s existing plans, 71% of the funds will be devoted to #exploration and production and 18% will be invested in #petrochemicals projects. As much as 5% will be invested in #gas liquefaction and the rest will be invested in expanding the country’s #pipeline network. https://lnkd.in/e8SYFrhs MEED | Middle East Economic Digest #oilandgasservices #oilandgasexploration #oilandgastraining

Great investment for #Algeria in oil and gas. I believe it is good strategy in these years.

🌞 Good Morning, Readers! 🌞 Kickstart your day with some thrilling news from the energy sector that showcases remarkable progress and solid financial results! 🌟 As I read the latest updates, I discovered that LNG projects have significantly bolstered a strong quarter for Technip Energies. 🏗️💼 This success highlights the company's robust performance and strategic focus on liquefied natural gas (LNG) projects, which continue to be a cornerstone of their growth. Technip Energies reported impressive financial results for the recent quarter, driven by key LNG projects that have underpinned their solid performance. The company's strategic initiatives and expertise in the LNG sector have resulted in substantial project advancements and increased revenue streams. 📈🚀 The notable projects contributing to this success include large-scale LNG developments that emphasize Technip Energies' commitment to delivering innovative and efficient energy solutions. These projects not only enhance the company's market position but also support the global transition to cleaner energy sources. 🌍🔋 For additional info, LNG projects play a critical role in providing a more sustainable and cleaner energy alternative to traditional hydrocarbons. The advancements in LNG technology and infrastructure contribute to reducing carbon emissions and promoting environmental sustainability. 🌱⚡️ Technip Energies' focus on LNG projects aligns with the global demand for cleaner energy solutions and reflects their dedication to technological innovation and sustainability. This strategic direction ensures continued growth and reinforces their position as a leader in the energy sector. 🌐🔧 To discover more about Technip Energies' solid quarterly performance and the impact of their LNG projects, visit the link below. 🌐📖 #GoodMorning #TechnipEnergies #LNGProjects #EnergySector #FinancialResults #SustainableEnergy #CleanEnergy #TechnologicalInnovation #CarbonReduction #MarketGrowth #GlobalEnergy #IndustryNews #EnvironmentalSustainability #EconomicDevelopment #InvestmentOpportunities #FutureOfEnergy https://lnkd.in/gcwaxsdW

𝙎𝙖𝙪𝙙𝙞 𝘼𝙧𝙖𝙢𝙘𝙤 𝘾𝙤𝙢𝙢𝙞𝙩𝙨 $25 𝘽𝙞𝙡𝙡𝙞𝙤𝙣 𝙩𝙤 𝙂𝙖𝙨 𝙀𝙭𝙥𝙖𝙣𝙨𝙞𝙤𝙣 Saudi aramco is advancing its commitment to sustainable energy with a massive $25 billion investment in the Jafurah gas project. This initiative aims to significantly increase gas production, a move critical to reducing emissions and aligning with global environmental goals. 𝑯𝒆𝒓𝒆’𝒔 𝒕𝒉𝒆 𝒃𝒓𝒆𝒂𝒌𝒅𝒐𝒘𝒏: - $12.4 billion dedicated to boosting gas output - $8.8 billion for the expansion of the master gas system to enhance delivery across Saudi Arabia - $2.4 billion for additional gas rigs The Jafurah field, housing 200 trillion cubic feet of gas, is among the world's largest reserves, with development costs projected at $100 billion. By 2030, Aramco expects to increase its gas production by over 60%, underscoring gas's role in both energy supply and as a crucial component for downstream industries. Amin Nasser, CEO of Aramco, highlighted the strategic expansion of the Master Gas System as a testament to the company's goal to meet rising gas demand. The gas produced primarily supports domestic industries, with potential uses in blue hydrogen production or LNG exports. 𝑫𝒊𝒔𝒄𝒐𝒗𝒆𝒓 𝒎𝒐𝒓𝒆 𝒂𝒃𝒐𝒖𝒕 𝑺𝒂𝒖𝒅𝒊 𝑨𝒓𝒂𝒎𝒄𝒐'𝒔 𝒔𝒕𝒓𝒂𝒕𝒆𝒈𝒊𝒄 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕𝒔 𝒊𝒏 𝒈𝒂𝒔 𝒕𝒐 𝒅𝒓𝒊𝒗𝒆 𝒇𝒖𝒕𝒖𝒓𝒆 𝒆𝒏𝒆𝒓𝒈𝒚 𝒔𝒖𝒔𝒕𝒂𝒊𝒏𝒂𝒃𝒊𝒍𝒊𝒕𝒚. 𝐏.𝐒. How do you think this investment will impact the global energy market? Let me know in the comments! Repost this for your network ♻️ Thank you! https://lnkd.in/gkb3UkKh

Abu Dhabi state-owned producer ADNOC Gas is aiming to take the final investment decision (FID) on two crucial gas-based development projects in the emirate within the next two years, as it aims to significantly scale up its #gas processing capacity before the end of this decade.

🚨QatarEnergy Announces Significant Expansion of LNG Production Capacity🚨 QatarEnergy, formerly known as Qatargas, has announced a major expansion project known as "North Field West" aimed at significantly increasing the country's liquefied natural gas (LNG) production capacity. This project represents a continuation of Qatar's strong commitment to the LNG market. Key details of the announcement include: 📈Production target: 142 million tonnes per annum (MTPA) by the end of the decade, reflecting an 85% increase from current levels. ⬆️Project name: North Field West 👏🏼Leadership: The announcement was made by Saad Sherida Al-Kaabi, Minister of State for Energy Affairs & CEO of QatarEnergy, during a press conference. Resource potential: The expansion is driven by the discovery of an estimated 240 trillion cubic feet (TCF) of additional gas reserves in the westward extension of the giant North Field. 🛢️Increased reserves: Qatar's total gas reserves now surpass 2,000 TCF, with condensate reserves exceeding 80 billion barrels. 🚨Project contribution: A new LNG project in Ras Laffan with a capacity of 16 MTPA will contribute to the overall production target. 👀Ongoing projects: QatarEnergy is also progressing with the North Field East and North Field South projects, targeting a combined output of 7.25 million barrels of oil equivalent (BOE) per day. This expansion project underscores Qatar's position as a leading player in the global LNG market and its commitment to meeting future energy demands. Follow suggestion: QatarEnergy LNG #lng #shipping #oilgas #oott #qatarenergy

How and why big oil is strengthening its oil and gas exposure   Size usually matters in oil and gas. Eight of the sector’s biggest companies feature in WoodMac’s benchmarking analysis – the five Supermajors and Saudi Aramco, ADNOC and Qatar Energy. These Middle East NOCs are stepping beyond their domestic asset base and are now talking – and acting – like IOCs. 🔽 Find more info in comments below 🔽 #BigOil #OilAndGas #WoodMac #Supermajors #SaudiAramco #ADNOC #QatarEnergy #NOCs #CleanEnergy #OilandGasNews ⤵️ Click Follow on our page to keep up to date with energy news ⤵️

Saudi Aramco, the state-owned oil company of Saudi Arabia, has recently awarded contracts worth $7.7 billion for the expansion of a major gas plant. The project aims to increase the production capacity of the plant and enhance Saudi Arabia’s gas processing capabilities. The contracts were awarded to several international and local companies, highlighting Saudi Aramco’s commitment to working with a diverse range of partners to drive growth and innovation in the energy sector. The expansion project is expected to create jobs, boost local economies, and contribute to the overall development of the gas industry in Saudi Arabia. The gas plant expansion is a strategic move by Saudi Aramco to meet the growing demand for natural gas in the region and strengthen the country’s position as a key player in the global energy market. By investing in the expansion of gas processing facilities, Saudi Aramco aims to enhance its production capabilities, improve efficiency, and capitalize on new opportunities in the gas sector. Overall, the awarding of $7.7 billion in contracts for the gas plant expansion underscores Saudi Aramco’s commitment to driving growth and innovation in the energy industry. The project is expected to have a significant impact on the local economy, create job opportunities, and support the sustainable development of the gas sector in Saudi Arabia.

Congratulations to aramco and Ministry of Energy on completing completing deals worth $25 billion to accelerate completion of Aljafura massive gas field and expand the Saudi Master Gas system. The story of natural gas in Saudi Arabia dates back to the 70s when associated gas it to be flared. It was the idea of brilliant Saudis including late minister Ghazi Algosaibi to make a meaningful use of that gas to make petrochemicals. At that time, the petrochemical industry was starting to flourish to Europe supported by significant breakthroughs in methane conversion and catalyst developments. The competitive advantage of Saudi Arabia back then was the availability of cheap gas that led to construction of the world’s largest industrial cities, Jubai and Yanbu, as hubs for international companies to make multiple petrochemical products. This led to foundation of SABIC and Royal Commission for Jubail and Yanbu later during late King Khalid and King Fahd time. During that period, the construction of the Saudi Master Gas System, MGS, was started which was capable of transporting north of 9 bcf of natural gas across the kingdom from major gas processing plants. That MGS cost around $10 billion, and it is undoubtedly one the largest gas pipe network in the world. Together with Aljafura giant shale gas field, which holds 229 tcf of natural gas, Saudi Arabia natural gas production is projected to rise from currently 13 bcf to 21 bcf by 2030, a major step towards displacing liquid hydrocarbons from power generation which be fully supplied by natural gas and renewables saving as much as one million barrels of oil a day for international exports. It’s believed that future natural gas won’t just replace oil fired power plants in Saudi Arabia but also these plants will be retrofitted with carbon capture making the electric power sector a major contributor to the Kingdom’s net zero plans. Aljafura gas field also forms the backbone of the Saudi blue hydrogen project planned to be exported to the Asian markets. The kingdom had always competitive advantages starting from the lowest cost of barrel, to the lowest cost of solar energy and hydrogen, something that HRH Ministry of Energy highlighted in his speech. It’s incredible to see how the natural gas industry in the Kingdom has evolved since 70s to see it now where the Kingdom is set to become a major player in international clean energy markets. Many thanks for the Saudi News for having me today to discuss these major projects.

 JGC, Technip Energies awarded FEED contract for Rovuma LNG project in Mozambique   #JGC and #TechnipEnergies have been awarded the Front-End Engineering Design (#FEED) contract by ExxonMobil – on behalf of Mozambique Rovuma Venture (MRV) for the Rovuma LNG project in Mozambique.   The 18 MMT/Y Rovuma #LNG project which consist of 12 fully #modularized LNG trains will utilize #electric-driven LNG trains instead of #gas #turbines, reducing #greenhouse gases #emissions compared to conventional LNG projects, JGC said, adding that the project “will also include prefabricated and standardized #modules to be assembled at the project site in #Mozambique, offering #cost competitiveness and certainty in delivery schedule.”   ExxonMobil had recently raised planned capacity at the Mozambique’s LNG project to up to 18 MMT/Y from previous scheme of 15.2 MMT/Y. Rovuma LNG project’s shareholders are #Eni East Africa (Eni-#ExxonMobil-CNPC JV) 70%, ENH 10%, Kogas 10% and #Galp 10%.   You can access the perfect information about the world’s LNG import/export projects such as “Rovuma LNG project” by subscribing to the Global LNG Database®. Learn more at: https://lnkd.in/dSG73cW. To see more posts like this in your feed and stay up-to-date with what is going on in the LNG world, follow Global LNG Info on LinkedIn at https://lnkd.in/e442DdDn #energy #globallngdatabase #lngindustry #lngshipping #gas #liquefaction #facility #constructionindustry #constructionprojects #constructionconsulting #constructionjobs #gasprices #energyindustry #energyinfrastructure #buildingconstruction #africa #modularconstruction #modulardesign #modularbuildings