Saudi Arabia is ramping up development of its shale resources, focusing on the Jafurah basin to boost energy security, exports, and industrial growth. However, projections may not align with reality, as seen in past discrepancies in oil reserves and production numbers.

The US$100 billion Jafurah project aims to produce 200 Mscfd of gas in Phase 1, increasing to 2 Bscfd by 2030. Saudi Arabia plans to meet rising domestic power demand and position itself as a key player in the growing global gas market.

Saudi Arabia’s history of inflating oil reserves and production numbers raises questions about the accuracy of its projections for the Jafurah project. The Kingdom’s strategic grandiosity may not align with the actual impact of the project on reducing crude burn and increasing gas exports.

Read more at Yahoo Finance: The Shale Project That Can’t Deliver What Saudi Arabia Promises