Faisal Alshammeri

There come moments in history where a window opens, and fate grabs a country by the hand. When such circumstances present itself, it is unfortunate for one to misses the opportunity to embrace fate’s grasp and hold this hand tightly. Various circumstances merge to create the right conditions for a Nation-State to rise. Saudi Arabia is witnessing a new chapter of growth and prosperity, which drives it to be at the forefront of the world of energy. Saudi Aramco had proven that it is a reliable, secure source of fossil energy (oil) in the world markets, a new chapter of the story begins.

The declaration of the development of one of the largest unconventional gas fields Jufarah is a game-changer is an estimated 200 trillion cubic feet shale gas, which makes Saudi a global producer and exporter of natural gas in commercial quantities. The ministry of energy announcement indicates that the Saudi would like to dominate the global gas markets as it does the oil markets. Saudi goals to be world, third-largest gas producer, by 2030 behind the United States and Russia. Producing nations should recognize the meaning of this. The proven ability of Saudi Aramco as the leading energy company in the world should put gas-producing countries on notice. Armaco developed a cost-saving scientific method that uses seawater in the fracking process.

These new methods would change the fracking process industry for the first time outside North America fracking is worth it. Using these new techniques, Aramco was able to cut the cost significantly to make it commercial. Saudi strategic geographical location in the middle of three continents would cut cost exports would be through pipelines to nearby countries rather than costly liquefied natural gas export terminals, which is attractive to gas importers in Europe and Asia.

Since the announcement of Vision 2030, and the Saudi plan to develop its energy sector, His Highness the Crown Prince has directed the ministry of energy to have a strategic plan to strengthen the energy sector. Hence, Aramco spent billions of dollars into new projects in oil, gas, as well as renewables energy and partnering with international energy companies to secure giant energy projects that will have a significant impact on global energy markets. It is reassuring and optimistic that the Crown Prince ordered designate the production of the new field to support local industry, electricity, water, and mining to achieve specific goals, stressed by the vision of 2030.

The new shale gas development would help the country to reduce burning an average of 800,000 barrels per day of crude and fuel for electricity That would free up more crude for export if needed as well reduce emissions. After satisfying the local needs, Saudi will export. I am optimistic that “Al-Jafoora” will be a turning point in Saudi gas production. Saudi Aramco continues to work around the clock to discover new fields and new cost-saving technology granting the Kingdom a leading position in gas production, as well as maintaining leadership in the roll in the oil industry. To the Saudi citizenry strong determination, the sky is the limit.

 Writer and Political analyst *

@Mr_Alshammeri