SHALE PREMIUM

Saudi Aramco launches giant Jafurah shale gas fracking project

The development will allow Saudi Arabia to burn less crude at home, helping free about 1 million barrels a day of oil for export by the end of the decade

AYEZ NURELDINE/AFP via Getty Images

Aramco tower in Riyadh's King Abdullah Financial District

Saudi Aramco has begun production from its giant Jafurah shale development, marking the kingdom’s biggest move into unconventional gas as it seeks to expand supplies beyond oil.

The $100 billion project – the largest shale gas field outside...