Saudi Aramco Sells First LNG as Oil Giant Expands Into Gas
- Aramco eager to become ‘major’ global gas player: CEO Nasser
- Company looking for gas JVs, aims to export fuel from kingdom
Photographer: Simon Dawson/Bloomberg
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Saudi Aramco, the world’s biggest oil exporter, dipped a toe into the natural gas business by selling its first cargo of the fuel.
Aramco sold the shipment of liquefied natural gas from Singapore, Chief Executive Officer Amin Nasser told reporters, without giving additional details. Aramco’s trading subsidiary sold the cargo last month to an Indian buyer, according to a person with knowledge of the matter.