Aramco weighs standalone gas unit with potential $100 bln valuation - Bloomberg
Saudi Aramco is reportedly considering a restructuring that could result in a standalone gas division, potentially with a valuation exceeding $100 billion, according to Bloomberg News. The gas unit may attract new investment or be offered through an initial public offering or minority stake sale. The plans, known as Project Gamma, are still under discussion and could be subject to change.
The restructuring firm Boston Consulting Group has advised Aramco on the move. The company plans to invest over $100 billion in expanding its gas business, including projects at the Jafurah field. Aramco anticipates an 80% increase in gas production by 2030 and aims to generate up to $15 billion in additional operating cash flow from the gas business.
Additionally, the company is exploring the sale of up to $35 billion worth of assets to raise funds for state projects and dividends.
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