Ahmedabad Stock：The Petroleum Big Big Billion Investment Plan is released, and over 70 % will be invested in these fields!

According to data from Goldman Sachs's latest research prediction, by 2030, 73%of Saudi Arabia's capital expenditure will be invested in the non -petroleum industry, compared with the company's previous expectations of 66%.

According to Saudi Moham Ben Salman's previous Saudi Arabian economic transformation plan "2030 Vision", Saudi Arabia intends to invest 1 trillion US dollars in six key areas and continue to open up many emerging industries including artificial intelligence.In order to open up new ways of economic growth and reduce excessive dependence on the oil economy.

Goldman Sachs said that from now to 2028, Saudi Arabia's capital expenditure in the oil industry may reduce $ 40 billion, but natural gas will still be "the key contributor to the country's decarburization, economic development and diversified planning."

01. Most flow to new energy

With the world's future transition to low -carbon and focusing on sustainable development goals. As the largest oil exporter of OPEC, Saudi Arabia's energy industry is also rapidly turning to cleaner energy forms and environmental protection solutions.

Saudi Arabia said in 2021 that it plans to achieve carbon neutrality by 2060.As a Saudi Oil and Gas Resources, Saudi National Petroleum Corporation, that is, Saudi Arabia also joined this effort that year, promising to achieve net zero carbon emissions by 2050.

According to a report released on August 15, Saudi Arabia will usher in a "capital expenditure super cycle".It is expected that by 2030, Saudi Arabia will invest $ 1 trillion in the six major strategic fields.About 73%of the investment funds will flow to the non -oil industry, and previous forecasts show that investment in the oil field accounts for 66%.

▲ By 2030, the average investment estimate of the Saudi strategic department

According to the instructions of the Saudi Ministry of Energy, the capital expenditure of the country's oil industry may reduce $ 40 billion from 2024 to 2028.However, Goldman Sachs is responsible for Faisal Alazmeh, CEEMEA Stock Research, responsible for the Middle East's natural resources, chemicals, and infrastructures in the Middle EastAhmedabad Stock. Natural gas is still "key contributors to the country's decarburization, economic development and diversified plan".Faisal Alazmeh's team's estimates for Saudi Arabia's potential investment in upstream oil and natural gas have reduced from the previous $ 260 billion to 190-220 billion US dollars.

On the other hand, Saudi Arabia's funds planned to clean energy will increase to US $ 235 billion, which is significantly increased significantly compared to the previously expected $ 148 billion. This growth is mainly due to Saudi Arabia's decision to increase its capacity target of renewable energy in 2030 in 2030More than double.Renewable energy capital expenditures are expected to be US $ 190 billion, while clean hydrogen energy investment is expected to be $ 36 billion.

▲ By 2030, Saudi Arabia's renewable energy target has doubled more than doubleBangalore Wealth Management

In the past year, the progress of the Saudi government in renewable energy has accelerated.As of June 2024, Goldman Sachs discovered that about 11 Gaval's solar photovoltaic projects are being implemented. In addition, there are 16.7 Gaval solar/wind energy projects in the planning stage.The Saudi government has adjusted the 2030 solar target from 58.7 Gava to 100-130 Gava.

In addition, according to data released by the International Renewable Energy Department (Irena), Saudi Arabia's capacity installed capacity in 2023 increased amazingly year -on -year, up to 219%.This surge reached 2689 MW, surpassing other regions.

Needless to say, oil has brought huge income to Saudi Arabia to help it achieve the rapid development of the country's economy and become a large economic country in the Middle East.However, excessive dependence on oil has also significantly affected the Saudi economy by fluctuations in international oil prices.In order to achieve economic diversification, Saudi Arabia proposed the "2030 Vision" in 2016 and adopted a series of measures to vigorously develop the non -petroleum economy

02. Natural gas becomes the key point to realize diversificationJaipur Wealth Management

Despite the decrease in oil investment, as Goldman Sachs thinks, natural gas is still "the key contributor to the country's decarburization, economic development and diversified plans."

Goldman Sachs believes that the oil and natural gas industries are undergoing a major change because it is preparing for the ultimate decline of oil demand and the rise in global natural gas demand.In energy transformation, the global natural gas market will increase by 50%.

According to Goldman Sachs's data, as these trends spread throughout the industry, the growth of oil investment in non -OPEC countries showed signs of topping. By 2029, the investment in LNG (LNG) is expected to increase by more than 50%.According to the data of the 21st energy industry's annual analysis report of the GS Research Company, there were 73 major projects in the world in the world under development last year, an increase of 30%from the beginning of the century, but still 32%lower than the level in 2014.Goldman Sachs emphasizes this change, and it is expected that the global natural gas market will increase by 50%in the next five years.

In fact, as one of the world's top ten natural gas proven reserves, Saudi Arabia has also begun to lay out natural gas, "another way to take a different approach."Different from previous years, it was announced to increase oil output. Earlier this year, Saudi Arabia announced that it would no longer plan to increase crude oil output, but to transfer the focus to natural gas.

On June 30 this year, Saudi Arabia announced that it has signed a contract worth more than $ 25 billion for the second stage of the expansion of JAFURAH gas field expansion and the third stage of major natural gas network expansion.JaFurah is Saudi Arabia's largest unconventional non -petroleum accompanying gas field with a huge reserves to reach 229 trillion cubic feet natural gas and 75 billion barrels of condensate oil.Jafurah's development is expected to further strengthen Saudi Arabia as the world's top natural gas production country.Lucknow Investment

In mid -June this year, Saudi Arabia and the American LNG developer NextDecade signed a 20 -year LNG purchase agreement; at the end of June, Saudi Arabia and Sempra announced that the equity and inheritance of the second phase of the ARTHUR Phase II project reached an agreement.

In addition, in addition to Goldman Sachs, the Morgan Stanley Research Center also predicts that the demand for LNG by 2030 is expected to increase by 25%to 50%, making it the fastest -growing hydrocarbons in the next ten years.Due to the strong demand for natural gas, shell predictions will increase the growth of global liquefied natural gas by 2040.

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