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  • 23-05-19

    Saudi Aramco signs deal with U.S. Sempra

    (MENAFN) Saudi Aramco has entered into a 20-year deal with U.S.-based Sempra Energy to purchase liquefied natural gas from its subsidiary Sempra LNG.The company intends to become a major global gas player while the U.S. market is facing a shale boom.Aramco has been developing its own gas resources and seeking gas assets in the United States, Russia, Australia and Africa.Both firms are also finalizing a 25 percent equity investment in the phase 1 of Port Arthur LNG, they said in a joint statement.

    MENAFN2305201900450000ID1098559507

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