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FinancialNews


  • 09-03-19

    Saudi Arabia achieves massive natural gas discovery

    (MENAFN) Saudi Energy Minister Khalid Al Falih announced the discovery of a massive quantity of natural gas within the Red Sea.

    Following the discovery, the energy minister revealed, Saudi Aramco began mulling over potentials of purchasing liquefied natural gas (LNG) initiatives in the United States.

    It comes after chief executive of the Saudi oil giant Amin Nasser confirmed a plan to turn into an international natural gas hub along with tapping into global businesses more.

    Nasser added that the oil giant is looking to expand conventional and unconventional gas reserves in Saudi Arabia as well as increasing possibilities for exports.

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