ENGIE Middle East’s Post

🚀 A further boost for #solarenergy in #SaudiArabia ☀️ Three projects of a combined 5.5 GW have reached financial close and are planned to go into operation in Q1 2027. ACWA Power, Water and Electricity Holding Company (Badeel) and Saudi Aramco Power Company (SAPCO) are developing the projects at a total investment value of SAR 12 billion (USD 3.2bn) The full story: https://lnkd.in/dEQWf823 Find out more about the progress of renewable energy in Saudi Arabia in our recent overview: https://lnkd.in/d--KGeDt Image source: ACWA Power

Saudi Arabia's Jafurah Field Expands Natural Gas Reserves The #Jafurah field in Saudi Arabia reports a substantial increase in natural gas reserves, now totaling 229 trillion cubic feet along with 75 billion barrels of condensates. The field, operated by #SaudiAramco, is pivotal for the kingdom's energy strategy. By 2030, it's expected to produce significant daily yields of both ethane and gas liquids, aligning with #SaudiArabia's goal to maximize its resource utilization. For more details about Jafurah's role in the global energy landscape, visit Saudi Business News. Link in bio. #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #Energy #NaturalGas #OilandGas #Aramco #GlobalEnergy

Aramco Reports a Net Profit Increase in Q1 Amidst Strategic Expansions #SaudiAramco revealed a net profit of $27.27 billion in Q1, a 2.04% increase, reflecting its robust financial performance. CEO Amin Nasser emphasized the company's strength as a leading energy supplier and its progress in expanding its gas business. Despite a year-over-year profit dip, Aramco plans to issue substantial dividends and invest in significant projects, including a $7.7 billion expansion of the Fadhili Gas Plant and renewable energy initiatives. For more information, visit Saudi Business News. Link in bio. #SaudiAramco #Energy #FinancialResults #Dividends #OilAndGas #RenewableEnergy #Sustainability #FadhiliGasPlant #SudairSolarPV #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia

interesting facts about the biggest Oil & Gas fields

Abu Dhabi National Energy Company (TAQA), listed on Fortune 500 Arabia, and Japan's JERA have announced their collaboration to develop the Amirall cogeneration plant in Saudi Arabia for Saudi Aramco Total Refining and Petrochemical Company (SATORP), a joint venture between Aramco and TotalEnergies. The plant is expected to start operating in 2027. The plant will provide approximately 475 megawatts of electricity and 452 tons per hour of steam from burning gas using high-tech combined cycle turbines, according to TAQA's disclosure to the Abu Dhabi Securities Exchange. A special purpose company owned by TAQA and JERA will be established to develop the Amirall cogeneration plant. TAQA will own 51% of the company and JERA will own 49% under a 25-year build, own and operate (BOO) contract, extendable for five years by mutual agreement. TAQA and JERA, the largest power generation company in Japan, will also operate and maintain the plant through a dedicated operation and maintenance (O&M) company. The Amiral petrochemical complex is expected to house one of the largest mixed-feedstock steam crackers in the Gulf region. TAQA is ranked 17th among the companies listed on the Fortune 500 Arabia list for 2023, which includes the 500 largest companies in the Arab and North Africa region in terms of annual revenue. The company's revenue reached AED 49.9 billion (USD 13.6 billion) in 2022, compared to AED 45.3 billion (USD 12.3 billion) in 2021. https://lnkd.in/e2R7n32d TAQA Group #Fortune500Arabia

Interesting facts about the biggest Oil & Gas fields

#natgas #SaudiArabia has officially launched operations at the Hawiyah Gas Storage facility, marking its first project dedicated to storing natural gas through the injection of processed fuel. Developed by Aramco, the facility is designed to reintroduce up to 2 billion standard cubic feet of natural gas per day into the Kingdom’s Master Gas System, an extensive network of pipelines that connects key production and processing sites to customers nationwide. This initiative is set to help meet the rising energy demand in the country, particularly during peak periods, as announced by the Ministry of Energy on X. The project plays a crucial role in managing seasonal demand fluctuations, supporting the Liquid Fuel Displacement Program, and reducing carbon emissions. Source: #arabnews 👇 https://arab.news/88dp4 #Energy #naturalgas #Storage #energysupply

The Saudi Aramco Total Refining and Petrochemical Company (SATORP) is a joint venture between Saudi Aramco and Total, located in Jubail Industrial City, Saudi Arabia. SATORP operates a world-class, full-conversion refinery with a capacity of 460,000 barrels per day. Recently, SATORP signed a co-generation deal with Taqa and Jera to build and operate a co-generation plant at the refinery. Taqa, also known as Abu Dhabi National Energy Company, is a leading energy and water desalination company based in the United Arab Emirates. Jera is a joint venture between Tokyo Electric Power Company and Chubu Electric Power Company, both major utilities in Japan. The co-generation plant at SATORP will produce both electricity and steam, utilizing waste heat from the refinery’s operations. This will help improve energy efficiency at the refinery and reduce its environmental impact. The plant is expected to have a capacity of around 1,200 megawatts of electricity and 5,800 tons per hour of steam. The co-generation deal between SATORP, Taqa, and Jera demonstrates a commitment to sustainable energy practices and collaboration between international energy companies. By partnering with experienced energy companies like Taqa and Jera, SATORP aims to enhance its operational efficiency and environmental performance, while also contributing to the overall energy transition in the region. Overall, the co-generation deal at SATORP reflects a strategic investment in energy infrastructure that aligns with the goals of sustainability, efficiency, and innovation in the energy sector.

TAQA Group, also known as Abu Dhabi National Energy Company, and Japan’s JERA have signed an agreement with Saudi Aramco Total Refining and Petrochemical Company (SATORP) to develop a steam and electricity cogeneration plant that will power the Amiral petrochemical complex.   The Amiral cogeneration plant will be developed by an entity owned that is owned by TAQA (51 per cent) and JERA (49 per cent) on a 25-year build, own, and operate basis extendable by five years. The duo will also undertake the operation and maintenance (O&M) of the plant through an O&M special purpose entity.   The plant will include power and steam generation systems, gas and water receiving systems, and gas-insulated switchgear interconnections. The facility has provision for the future installation of a carbon dioxide capture plant and is capable of hydrogen cofiring. aramco | TotalEnergies | Saudi Aramco Total Refining and Petrochemical Company (SATORP) | TAQA Group | #Petrochemical | #SaudiArabia

Saudi Arabia has launched operations at the Hawiyah Gas Storage facility, its first dedicated natural gas storage project developed by Aramco. This facility can inject up to 2 billion standard cubic feet of natural gas per day into the Kingdom’s Master Gas System, addressing rising energy demand during peak periods. The project supports the Liquid Fuel Displacement Program and aims to displace 1 million barrels per day of liquid fuel by the end of the decade, helping the Kingdom achieve 50% of its electricity from renewable sources as part of Saudi Vision 2030. Additionally, a government initiative promotes environmentally friendly gas usage, assisting factories in transitioning to sustainable production processes. Meanwhile, Saudi Aramco has entered the LNG market by acquiring a minority stake in MidOcean Energy for $500 million, strengthening its partnership with EIG Global Energy Partners as MidOcean pursues interests in Australian LNG projects. #SaudiArabia #NaturalGas #EnergyTransition #SaudiVision2030 #RenewableEnergy #SustainableDevelopment #SaudiAramco