Supply & Demand

Saudi Aramco looks for gas from Russia, East Africa and US

Saudi Aramco is looking to import gas from Russia, East Africa and the United States.
By Staff reporter 21 December 2017 0 28894

Saudi Aramco is looking to import gas from Russia, East Africa and the United States, said Aramco chairman and Saudi Energy Minister Khalid al-Falih, according to a Bloomberg article.

Saudi Aramco wants to import LNG to bridge the gap between Saudi Arabia’s domestic production and gas demand and to free up Saudi oil for export.

He did not rule out LNG imports from Russia but added LNG from the Arctic was not the “lowest hanging fruit” for Saudi Arabia.