Saudi Aramco, ADNOC in talks on LNG projects

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.