Photo: Kamran Jebreili / AP
Saudi Arabia agreed to purchase the American liquefied natural gas (LNG), writes The Wall Street Journal. The United States won the competition for this market including Russia.
According to the newspaper, the state oil company Saudi Aramco has signed a long term supply agreement with Sempra Energy, based in the Californian city of San Diego. Details and terms of the transaction were not disclosed, but it is possible that Saudi Aramco will receive a share in the project for the construction of an LNG terminal in Port Arthur Texas.
In addition to Sempra Energy, applicants for gas deliveries to Saudi Arabia were the other American manufacturers, as well as an unnamed Russian company. Informed about a possible collaboration with Saudi Aramco in the framework of other projects said the main shareholder and the head of Russia’s largest independent gas company NOVATEK Leonid Mikhelson.
According to newspaper interviewed economists, Saudi Arabia, has one of the largest natural gas reserves in the world, has to import fuel because of the difficulties associated with its extraction.
Earlier, the us company responsible for the mining and LNG, has entered into contracts for the supply of LNG with several European countries, particularly Poland. Similar negotiations with the new Ukrainian President Vladimir Zelensky was held by the Minister of energy of the USA Rick Perry. However, by the end of 2018, the States still lost in Russia by the volume of the exported gas to Europe: 2.7 million tons against 4.4.
Video, photo All from Russia.