Page added on July 18, 2009
A scramble for gas in Saudi Arabia
After four consortiums of international partners have drilled 22 wells, only one team, from the Russian giant Lukoil, said it made a commercial-scale discovery but it remains unclear how significant the find is.
Experts say Saudi Arabia will need more than marginal discoveries as it faces the challenge of satisfying a gas market that will grow by 5 per cent every year, according to Saudi Aramco estimates.
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