The Aporia
Martin, M. (2026, September 28). Saudi Aramco considers a gas spinoff. Semafor. https://www.semafor.com/article/09/28/2026/saudi-aramco-considers-a-gas-spinoff
Martin, Matthew. “Saudi Aramco considers a gas spinoff.” Semafor, 28 Sept. 2026, https://www.semafor.com/article/09/28/2026/saudi-aramco-considers-a-gas-spinoff.
Martin, Matthew. “Saudi Aramco considers a gas spinoff.” Semafor, September 28, 2026. https://www.semafor.com/article/09/28/2026/saudi-aramco-considers-a-gas-spinoff.
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Saudi Aramco, the state-controlled Saudi Arabian oil giant, is contemplating spinning off its expanding natural gas business into a separate division and partially listing it on the stock market. This move aims to raise capital for the government and attract foreign investment in the kingdom. Reuters reported that Aramco plans to create a third business segment dedicated to gas, alongside its existing upstream and downstream operations. Bloomberg previously noted that Aramco had been exploring strategies to generate up to $35 billion by monetizing other assets, including considering spinoffs of its trading unit, insurance arm, and airline. The company is currently leading a $100 billion initiative to develop the Jafurah field, part of an ambitious plan to increase gas production by more than 80% by 2030. Gulf energy companies are focusing on natural gas as a key fuel expected to remain in demand for decades beyond peak oil sales.