MARKETS

Saudi's join the LNG industry with Australian acquisition

Aramco makes first international investment in LNG

At the signing ceremony, front row, from left: MidOcean Energy CEO De la Rey Venter and Aramco Upstream President Nasir K. Al-Naimi. Back row, from left: EIG Chairman and CEO Blair Thomas and Aramco President & CEO Amin H. Nasser.

Under the agreement, Aramco will make a $500 million investment in MidOcean, which is in the process of acquiring stakes in four Australian LNG projects. It marks Aramco's first international investment...

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