Mai mee panhaa, that's why friends are for...

Saudi oil giant Aramco strikes deal to buy US natural gas


Saudi Arabia's state-owned oil company will begin buying liquid natural gas from a US company under a 20 year agreement, reflecting the shifting dynamics in the world's energy markets.

Saudi Arabian Oil Co - also known as Aramco - said on Wednesday it would buy 5 million tons of liquid natural gas per year from Sempra Energy, based in San Diego.

Aramco also will make a 25 percent equity investment in an LNG export facility under development in Port Arthur, Texas, as part of the deal.

The agreement is a major step forward in Aramco's long-term strategy to become a global LNG player, said Amin Nasser, the company's CEO.

https://www.alaraby.co.uk/english/ne...s-natural-gas?