LNG

Saudi Arabia and Russia enter new era of cooperation

If Novatek and Saudi Aramco team up to develop LNG projects, it could herald a powerful new partnership If Novatek and Saudi Aramco team up to develop LNG projects, it could herald a powerful new partnership.
By The Wildcat 16 February 2018 0 29613
Khalid al-Falih, Saudi energy minister Saudi Energy Minister Khalid al-Falih. (PA)

Discussions this week between Novatek and Saudi Aramco on energy-related topics underscored a powerful new alliance between Saudi Arabia and Russia. The two companies have talked about jointly developing the Arctic LNG 2 project and could sign an agreement later this year, Russian Energy Minister Alexander Novak said. 

The desire of the two countries to work together has been strengthened by their successful cooperation on the OPEC and non-OPEC oil production cut and the United States’ move to step back from the Middle East, as well...