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Oil giant Saudi Aramco announces first global LNG deal

Summary by Ground News
Saudi Aramco announces its first global investment in liquefied natural gas. The company said it would acquire a minority stake worth $500 million in MidOcean Energy. Aramco reported record profits totalling $161.1 billion last year, allowing the kingdom to notch up its first annual budget surplus in nearly a decade.

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Oil giant Saudi Aramco announces first global LNG deal

Saudi Aramco invests $500M in MidOcean Energy to expand beyond oil. CEO Nasser sees strong demand for LNG as world transitions to more sustainable energy. MidOcean Energy to acquire interests in four Australian LNG projects.

·India
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The Hindu broke the news in India on Thursday, September 28, 2023.
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