Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG when Saudi Arabia's Crown Prince Mohammed bin Salman visits Washington next week, sources familiar with the
Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG when Saudi Arabia's Crown Prince Mohammed bin Salman visits Washington next week, sources familiar with the matter told Reuters.
The world's largest oil exporter, Saudi Aramco, wants to become a major liquefied natural gas player, especially in the United States, where LNG capacity is set to almost double over the next four years. It has already signed deals with other U.S. players, including NextDecade's Rio Grande LNG.
The firm targets 20 million tons per annum (mtpa) of LNG capacity, with 4.5 million tons currently in progress, Aramco President and CEO Amin Nasser said in a call with analysts in August.
Shell, the world's biggest LNG trader, sold around 66 mtpa last year.
Aramco is expected to secure LNG supply of up to 2 mtpa from Commonwealth LNG's proposed facility in Cameron, Louisiana, three industry sources said.
Meanwhile, a deal with Woodside is expected to see Aramco buy a stake in the company's $17.5 billion Louisiana LNG project as well as strike an offtake agreement to secure up to 2 mtpa of LNG supply, said four industry sources.
Aramco declined to comment.
Content Original Link:
" target="_blank">
