How the world’s biggest mining project is a win for China

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• 00:02

  Good morning from the Financial Times.

• 00:04

  Today is Tuesday, November 11th, and this is your FT News Briefing.

• 00:08

  The world's biggest oil producer is shifting its focus,

• 00:11

  and President Trump is threatening to sue the BBC.

• 00:15

  Plus, we'll dive into why China might get the upper hand in the iron ore market.

• 00:20

  I'm Mark Filippino, and here's the news you need to start your day.

• 00:34

  Saudi Aramco is going to pivot towards producing natural gas.

• 00:39

  In a couple of weeks, the oil major will start production at the Jaforah field.

• 00:43

  It's one of the world's biggest shale gas basins,

• 00:46

  and it's the cornerstone of Saudi Arabia's push into natural gas.

• 00:50

  I bet you're wondering, though,

• 00:52

  why does the world's largest oil producer want to start focusing on natural gas?

• 00:57

  Well,

• 00:57

  it's to meet the growing demand for the energy required to power AI data centers in fast-growing cities.

• 01:04

  Jephora's gas output is expected to hit full capacity by 2030.

• 01:08

  Last week,

• 01:09

  Aramco lifted its growth target for gas production from 60% to 80% by the end of the decade,

• 01:15

  compared with 2021 levels.

• 01:23

  Donald Trump is threatening to sue the BBC for $1 billion.

• 01:27

  The US president is accusing the British broadcaster of trying to defame him through,

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