LNG

Saudi gas ambitions need a pinch of salt

Aramco is aiming to become a global LNG player, but its plans could benefit from a dose of reality Aramco is aiming to become a global LNG player, but its plans could benefit from a dose of reality.
By The Wildcat 30 November 2018 0 33504
A Saudi offshore gas platform. (Saudi Aramco)

A throng of LNG export developers are lining up to take FID in 2019 as rising prices breathe life back into the global liquefaction sector. Financial close is expected on greenfield projects in the United States, Canada, Russia and Mozambique, which could boost supplies way above the level needed to balance the market by the middle of the next decade. 

The sense of competition is palpable: those projects that fail to reach FID next year could miss out on the buyers needed to underpin their development....