Saudi Arabian Oil Co. (Saudi Aramco) and UAE’s Abu Dhabi National Oil Co. (ADNOC) are discussing investments in liquefied natural gas (LNG) projects in the United States.
According to sources, Aramco is in talks to invest in phase two of Sempra Infrastructure’s Port Arthur LNG project in Texas, which would be an expansion of the already-producing first phase.
The world’s largest oil producer is also in talks to purchase some or all volumes from one of the two liquefaction units at Port Arthur’s second phase, each producing up to 13.5 million tons per year, according to one of the sources.
Meanwhile, ADNOC is talking with US LNG firm NextDecade to buy a fourth unit at the Rio Grande LNG facility.
Tags: ADNOC, LNG, Saudi Aramco
Recent Posts
Govt to introduce hydrogen-based process for steel production
LR to support Shandong Marine Group’s green energy transition
Bureau Veritas assesses technical viability of carbon capture tech
Ricardo gets AiP for marine hydrogen fuel-cell system
K Line successfully conducts B100 trial
Centre extends bid deadline for oil, gas blocks
CoolCo inks long-term charter deal with GAIL
Airbus launches aviation liquid hydrogen project