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Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) are in talks to invest in US liquefied natural gas (LNG) projects, competing with oil giants and regional rival Qatar in the thriving super-cooled gas market. Demand for chilled fuel is predicted to increase by 50% by 2030, and the two energy behemoths are eyeing chances in the United States, which has become the world's largest LNG exporter. Saudi Aramco is in talks to invest in the second phase of Sempra Infrastructure's Port Arthur LNG project in Texas, while ADNOC is in talks with US LNG business NextDecade about offtake from a projected fourth processing unit at its Rio Grande LNG export terminal. US LNG capacity is expected to nearly double over the next four years. However,  several US LNG project developers have faced financial hurdles to get their proposed export terminals off the ground.

Saudi Aramco, UAE’s ADNOC in talks to invest in US LNG projects: Reports

Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) are in talks to invest in US liquefied natural gas (LNG) projects, competing with oil giants and regional rival Qatar in the thriving super-cooled gas market. Demand for chilled fuel is predicted to increase by 50% by 2030, and the two energy behemoths are eyeing chances in the United States, which has become the world’s largest LNG exporter. Saudi Aramco is in talks to invest in the second phase of Sempra Infrastructure’s Port Arthur LNG project in Texas, while ADNOC is in talks with US LNG business NextDecade about offtake from a projected fourth processing unit at its Rio Grande LNG export terminal. US LNG capacity is expected to nearly double over the next four years. However,  several US LNG project developers have faced financial hurdles to get their proposed export terminals off the ground.

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