Saudi Aramco is in discussions to buy a stake in one planned LNG project and sign a long term LNG offtake deal from U.S. developers.
Saudi Aramco is in discussions with U.S. LNG developers to buy a stake in one planned project and sign a long-term LNG offtake deal from another proposed export facility, Reuters reports, citing sources close to the talks. Aramco, the world’s top crude exporter and the world’s biggest oil firm, has been seeking a greater role on the global LNG market as it plans to ramp up its natural gas production and trading business.
company Tellurian to buy a stake in its Driftwood LNG export facility near Lake Charles, Louisiana, according to Reuters’ sources, who added that representatives of the Saudi oil giant visited the project site three times this year. Tellurian, which has struggled for years to see its project through the finish line, is said to be looking to take the final investment decision for the first two trains of Driftwood LNG before the end of this year.
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