Saudi Arabia plans to expand the regional natural gas network, especially after the increase in the Kingdom’s estimates of energy reserves, Arab News reported.
Last week, the kingdom’s energy ministry revealed an upward revision to Saudi proven oil and gas reserves after an independent certification.
The new estimate was around 325.1 trillion standard cubic feet (Tcf) of natural gas, up from the previous estimate that was around 307.9 Tcf.
As a result of the reserves increase, Saudi Arabia entered into talks with UAE and Oman to expand the regional natural gas network, according to Saudi Energy Minister Khalid Al-Falih.
“Aramco is seeking to develop gas resources in the Kingdom to meet local needs with potential export in the future,” Al-Falih said.