Saudi Arabia Plans Major Investments in LNG
Saudi Arabia announces plans to become a major player in the growing natural gas industry and looking to make investments in Russia, Australia, the U.S., and Africa.
Saudi Aramco Chief Executive said: “Gas is a major market and we want to be one of the largest players,”
Riyadh is planning to increase its LNG export to 3 billion cubic feet per day by 2030, and replace the 800,000 oil barrels used daily to generate electricity with LNG.
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