Saudi Arabia to Hike Gas Exploration on Demand Surge

Saudi Arabia is gearing up to meet surging domestic demand for natural gas that is key to sustaining its industrialization drive, experts say.

To overcome the gas bottleneck, Saudi Aramco has launched an aggressive investment program that involves fast-tracking the estimated $10 billion development of the Karan gas field, located offshore in the Persian Gulf and estimated to contain nine trillion cubic feet of gas.