As GCC leaders lined up to pledge more than $3 trillion in investments and trade deals with the US during President Donald Trump’s regional tour this week, the US’ burgeoning LNG export sector is attracting considerable attention. “We are looking at expanding in LNG, and the US is really a good place to put our investment,” Aramco CEO Amin Nasser told the Saudi-US Investment Forum in Riyadh this week, and his firm is far from alone.
Adnoc, through XRG, and QatarEnergy have already finalized investments in large-scale under-development LNG export terminals, putting them ahead of Aramco in the race. Indeed, QatarEnergy was by far the earliest mover, having agreed in 2014 to convert its Golden Pass LNG import terminal (QatarEnergy 70%, ExxonMobil 30%) into an export terminal (MEES, 11 July 2014). (CONTINUED - 817 WORDS)
