Saudi Aramco CEO Amin Nasser told media on 12 March that the firm is in “active talks” over participating in an overseas LNG liquefaction project. “But I’m not going to say with who at this stage until there is any MoU, or letter of intent. If there is any deal we will announce it in due course. But yes, we are interested and we are looking at markets in different parts of the world,” he added.

Aramco’s interest in overseas LNG projects is not new. The firm signed preliminary agreements with US firm Sempra in 2019 and 2020 to participate in its planned 11mn t/y Port Arthur LNG facility (MEES, 24 May 2019) but this eventually lapsed in 2021. With an uptick in US LNG FIDs expected in the near future amid high global gas prices – Venture Global this week took FID on Phase 2 of its 20mn t/y, $21bn Plaquemines LNG project – an Aramco entry to the US Gulf Coast looks the likeliest option. (CONTINUED - 162 WORDS)