Politique
Syria launches gas project with Saudi firm in latest Gulf energy partnership
The state-run Syrian Petroleum Company has launched a joint project with Saudi energy services firm ADES to develop and operate gas fields in Syria's Homs
Points clés
- Syrian Petroleum Company and ADES launched a project to develop and operate gas fields in Homs.
- The project aims to increase gas production by 25% in six months and 50% by mid-2027.
- Syria's domestic natural gas demand is around 23 million cubic meters per day, while production was 7-8 million cubic meters as of July last year.
- President Ahmed al-Sharaa has sought to attract foreign investment for reconstruction after Western sanctions were lifted last year.
The state-run Syrian Petroleum Company has launched a joint project with Saudi energy services firm ADES to develop and operate gas fields in Syria's Homs province. Handed over under an April 5 agreement, the project aims to boost gas production by 25% in six months and 50% by mid-2027, targeting 4 million cubic meters per day for electricity generation. This initiative is part of a broader wave of Gulf-backed investments following the December 2024 ouster of Bashar al-Assad, as President Ahmed al-Sharaa seeks foreign capital to rebuild Syria's war-damaged energy infrastructure.
En chiffres
- +25%
- Targeted gas field production increase within six months
- +50%
- Targeted gas field production increase by mid-2027
- 4M
- Targeted daily cubic meters of gas output for electricity
- $7B
- Value of the Qatari-backed electricity generation deal
- 23M
- Syria's daily domestic natural gas demand in cubic meters
Chronologie
- President Bashar al-Assad is ousted by rebel forces
- SPC and ADES sign the project implementation agreement
- SPC launches gas field project with Saudi firm ADES
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