Saudi Aramco signs non-binding LNG supply deal with Sempra for 20 years, with potential 25% stake.

Saudi Aramco has signed a non-binding agreement with US energy firm Sempra for a 20-year supply of 5 million tonnes of liquefied natural gas (LNG) annually from Sempra's Port Arthur LNG Phase two expansion project. The deal also considers Aramco's potential 25% stake in the project. This move aims to expand Aramco's gas portfolio to meet growing global demand for lower-carbon energy sources.

June 26, 2024
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