Saudi Aramco joins the switch to natural gas as oil wanes

[phantom power]

Saudi Aramco will attain a production rate of 15.5 billion standard cubic feet of raw natural gas by 2015. Focus has shifted from crude oil to natural gas following the addition of 2 million bbl/day of capacity in the 2004-2009 period. While the focus of exploration and development will be directed toward conventional resources, the company is studying the potential of unconventional resources. Saudi Arabia's gas consumption has risen by 7%/year. Most goes to electric power and petrochemical.

http://www.glgroup.com/News/Saudi-Aramco-joins-the-switch-to-natural-gas-as-oil-wanes-53860.html?cb=1