Saudi Arabia: Red Sea gas

Energy, industry and mineral resources minister Khalid Al-Falih has claimed that “large quantities” of natural gas have been discovered in the Red Sea. However, he did not give any specific details of how much natural gas has been found. Saudi Aramco has natural gas reserves of around 320 tcf and has been pushing to develop its position in the international gas market, not least through potential investments in liquified natural gas projects in the US.