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Moscow, Riyadh agree to explore Saudi Aramco taking part in Novatek LNG project

MOSCOW (Reuters) — Russia and Saudi Arabia have agreed to study the possibility of national oil company Saudi Aramco taking part in Novatek’s Arctic LNG 2 project, RIA news agency reported on Monday.

Aramco Chief Executive Amin Nasser had said last month that the company was discussing several investment opportunities with Russian firms but there were no current plans to take a stake in Novatek’s project.

Reporting by Vladimir Soldatkin; Writing by Gabrielle Tétrault-Farber; Editing by Vladimir Soldatkin


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FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
As discussed in the HPI Market Data 2019 report, published in November by Gas Processing & LNG’s sister publication, Hydrocarbon Processing, rising propane and ethane supplies in the US have been enabled by greater production of shale gas.
Industry Trends: Norway targets global LNG market
-Eugene Gerden
Norway aims to become a leading player in the global LNG market during the next several years through the establishment of new, large-scale LNG terminals.
Regional Focus: Challenges of scaling up Africa’s LNG production
-Shem Oirere
Several gas projects are underway in Africa, but they continue to be constrained by inadequate infrastructure, slow finance mobilization, lack of security and uncertainty over hydrocarbon regulations that are casting doubt on the outcome of the continent’s drive to meet its anticipated 128% gas demand increase by 2040.


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