Saudi Aramco’s immediate focus will be on gas catch up

Significance Aramco is doubling down on a strategy to become a major player in the global gas sector, with higher production at home and abroad, while boosting efforts to convert an ever-higher portion of its crude oil into petrochemicals Impacts Aramco will look into adding Asian LNG assets to its US and Australian interests. The company will deepen rapidly its strategic energy partnership with China. The firm will seek international partners for export-oriented blue hydrogen projects. Aramco will explore petrochemicals investment opportunities in major growth markets besides China, notably India. Financial resources will become more constrained owing to lower oil prices and the government's corollary fiscal difficulties.