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Aramco begins operations at Jafurah and Tanajib to boost gas output
Yahoo Finance· 2026-02-27 14:37
Core Insights - Aramco has commenced production at the Jafurah unconventional gas field and operations at the Tanajib Gas Plant, aiming to boost sales gas production capacity by approximately 80% by 2030 compared to 2021 levels [1][5] Production and Capacity - The Jafurah site is expected to provide 2 billion standard cubic feet per day (bscf/d) of sales gas, 420 million standard cubic feet of ethane per day, and around 630,000 barrels of high-value liquids daily by 2030 [3] - The Tanajib Gas Plant is designed to process associated raw gas from the Marjan and Zuluf offshore oilfields, with a raw gas processing capacity expected to reach 2.6 bscf/d by 2026 [4] Financial Impact - Aramco anticipates that these projects will generate additional operating cash flow of $12 billion to $15 billion in 2030, depending on future sales gas demand and liquids prices [2] Strategic Importance - The developments at Jafurah and Tanajib are seen as significant steps for Aramco's gas portfolio, supporting long-term growth strategies and meeting rising domestic demand [5][6] - The expansion in gas production is expected to support national industries, including petrochemicals and AI, while also contributing to Saudi Arabia's energy security and net-zero emissions target by 2060 [6][7]
Türkiye’s BOTAS signs 20-year deal with Mercuria to buy LNG from 2026
Yahoo Finance· 2025-09-25 09:06
Group 1 - BOTAS, a state energy company in Türkiye, has signed a 20-year agreement with Mercuria for the purchase of approximately 4 billion cubic metres (bcm) of liquefied natural gas (LNG) annually starting in 2026, totaling around 70 bcm over the contract term [1][3] - The LNG will be sourced from loading terminals in the US, with regasification occurring in Türkiye, Europe, and North Africa [2] - This agreement supports Türkiye's objective of achieving a $100 billion trade volume with the US and enhances the country's energy supply security and diversification [3][4] Group 2 - The signing of the agreement took place during President Tayyip Erdogan's visit to the UN General Assembly, attended by key figures including Minister Alparslan Bayraktar and Mercuria president Daniel Jaeggi [2][4] - In addition to the deal with Mercuria, BOTAS has also signed a preliminary long-term LNG agreement with Woodside Energy, covering approximately 5.8 bcm over nine years starting in 2030 [5]