BNEF Brief: Aramco Looks to Become One of the World’s Giants in Nat Gas

Saudi Aramco aims to become a major player in the global gas and LNG markets, despite being primarily an oil producer. The company plans to invest in gas projects worldwide, leveraging its financial capacity. This move aligns with industry trends where major companies are diversifying into gas and renewables. The CEO's comments highlight the economic importance of oil and gas, amidst perceived stakeholder abandonment.

What is the significance of the investment in gas and LNG projects for Saudi Aramco?

How are other major oil companies responding to the shift towards gas and renewables?