Wednesday 22 May 2019

#Saudi Aramco signs U.S. LNG deal with Sempra - Reuters

Saudi Aramco signs U.S. LNG deal with Sempra - Reuters:

Saudi Aramco has entered into a 20-year agreement with U.S.-based Sempra Energy to purchase liquefied natural gas(LNG) from its subsidiary Sempra LNG, the two companies said on Wednesday.

The Saudi state oil giant plans to become a major global gas player while the U.S. market is undergoing a shale boom.

Aramco has been developing its own gas resources and eying gas assets in the United States, Russia, Australia and Africa.

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