Saudi Aramco Considers Additional Investments in LNG

Saudi Aramco's CEO, Amin Al-Nasser, announced that the company is exploring further investments in Liquefied Natural Gas (LNG). The goal is to strengthen its position as a major player in the maritime gas market.

Speaking at the Energy Information Forum in London, Al-Nasser said, "LNG is vital... We're looking into new investments to become a leading entity in the LNG market."

In September, Aramco agreed to acquire a strategic minority stake in Mid Ocean LNG for $500 million, with an option to increase its share.

Previously, Aramco considered buying a stake in the Port Arthur LNG refinery in the US. The oil giant also has other business transactions in the LNG sector.