00:00 After Aramco stopped its plans to increase oil production,
00:06 it is focusing on a new plan to produce gas by 2030.
00:13 What are the details and importance of this plan?
00:17 At the beginning, we point out that Aramco announced that it will increase the production of natural gas by 60% by 2030.
00:28 This is after Aramco announced or expected the growth of natural gas for the next period.
00:36 It announced that it is planning to invest in natural gas projects abroad.
00:44 Even if we look at the previous plan for Aramco for increasing oil production,
00:51 it announced that it will cancel the plan to increase oil production, which was about 13 million barrels per day.
01:01 This made it focus more on new energy and gas production.
01:07 Therefore, the investment in new energy is 15% of the capital spending.
01:17 In addition, the savings of not increasing oil production, according to Aramco, is 40 billion dollars.
01:25 This made it focus more on increasing oil production.
01:31 Even if we look at Aramco's production of gas, we notice that in 2000, its production was 2 billion cubic feet per day.
01:40 However, in 2022, its production increased to 18 billion cubic feet per day.
01:48 Finally, in terms of the terms of the gas, we notice that since the beginning of 2024, it has declined by 32%.
01:57 However, since the beginning of the week, we have seen an increase of 3%.
