Saudi Arabia plans to invest 412 billion riyals (110 billion USD) to develop unconventional natural gas reserves in the eastern Jafurah field, citing information from the Saudi national news agency.

Crown Prince Mohammad Bin Salman Al Saud chairs a meeting of the High Commission on Hydrocarbons of Saudi Arabia on Thursday to discuss development plans. The field is expected to contain about 200 trillion cubic feet (about 5.7 trillion cubic meters) of gas, with production projected to begin in 2024 and gradually increase to 2.2 billion cubic feet per day by 2036.

The CEO of Saudi Arabian Oil Co (Saudi Aramco), Amin Nasser, said Saturday that the development of the Jafurah field is intended to assist the country’s resource diversification and economic development.

Jafurah field is projected to be able to produce about 130,000 barrels per day of ethane, representing about 40% of current Kingdom production and about 500,000 barrels per day of gas liquids and condensates, representing about 34% of the country’s output.

The development of the field over the next 22 years will provide the government with a net income of about 32 billion riyals a year and 75 billion riyals a year to the UK’s gross domestic product (GDP).

Saudi Aramco is increasingly focusing on natural gas to reduce the Kingdom’s dependence on crude oil sales. Saudi Arabia also wants to use its gas resources as fuel in power plants and as a feedstock for the production of petrochemicals, a high-priority sector for the government in its strategy to diversify the economy.

Jafurah field is located between Ghawar, the largest oil field in the world, and the Gulf, close to the center of the Saudi energy industry.