Reuters was first to report that Middle Eastern oil giants Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) are in talks to invest in U.S. liquefied natural gas projects, as they step up competition with oil majors and regional rival Qatar in the booming market. Aramco CEO Amin Nasser confirmed the story four days later when he said the company was looking at U.S. LNG assets.
Business & FinanceCommoditiesEnergy
Saudi Aramco, UAE’s ADNOC in talks to invest in US LNG projects
06 March 2024, 2:42 pm 1 minute
Market Impact
The expansion shows how the global LNG rivalry is heating up as energy producers anticipate a rise in demand to replace coal and possibly Russian gas as the United States raises sanctions pressure on Moscow.
Article Tags
Topics of Interest: Business & FinanceCommoditiesEnergy
Type: Reuters Best
Sectors: Business & FinanceCommodities & Energy
Regions: Middle East
Countries: Saudi Arabia
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
