Saudi Aramco signs agreement to potentially acquire 25% of shares in the Port Arthur LNG project from Sempra
Saudi Aramco signs agreement to potentially acquire 25% of shares in the Port Arthur LNG project from Sempra
06/27/24, 5:06 PM
Location
dhahran
san diegoIndustry
oil and gas
energy
electric utilities
Saudi Aramco has signed a non-binding agreement to potentially acquire 25% of shares in the second phase of the Port Arthur LNG project from the American company Sempra. Additionally, discussions about the LNG supplies have taken place, with the potential for 5 million tons over 20 years. This strategic move aligns with Saudi Aramco's efforts to expand its presence in the LNG market and secure future supplies.
Company Info
Location
Dhahran, Eastern Province, Saudi Arabia
Company info
As one of the world's leading integrated energy and chemicals companies, our global team is dedicated to creating impact in all that we do, from providing crucial oil supplies to developing new energy technologies. We focus on making our resources more dependable, more sustainable and more useful, helping to promote growth and productivity around the world.