Oil giant Aramco (2222.SE), opens new tab is in talks with U.S. firms Tellurian (TELL.A), opens new tab and NextDecade (NEXT.O), opens new tab on two separate liquefied natural gas (LNG) projects as the Saudi firm seeks to boost its gas trading and production, three sources close to the talks told Reuters.
U.S. gas production has boomed over the past decade with oil majors and Aramco's rivals such as Qatar Energy competing to build several projects to export gas to Europe and Asia.
The state energy firm is in talks with Tellurian (TELL.A), opens new tab to buy a stake in its 27.6 million metric ton per annum (mtpa) Driftwood LNG plant near Lake Charles, Louisiana.
Aramco officials visited the site three times this year - including together with executives from Australia's Woodside on one of those occasions, said the sources who declined to be identified as talks are not public.
Aramco is also in talks with U.S. LNG firm NextDecade (NEXT.O), opens new tab for a long-term gas purchase agreement from a proposed fifth processing unit at its $18 billion Rio Grande facility.
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