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Saudis join shale gas race

Saudis join shale gas race

Saudi Arabia fought a price war aimed at putting the U.S. shale industry out of business just six years ago and ultimately failed. Last week Aramco Chief Executive Officer Amin Nasser told Reuters that the company is launching the biggest shale gas development outside the U.S. to boost domestic gas supply to be used to replace oil to firepower generation plants.

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