Saudi Aramco signs agreement to potentially acquire 25% of shares in the Port Arthur LNG project from Sempra

Saudi Aramco has signed a non-binding agreement to potentially acquire 25% of shares in the second phase of the Port Arthur LNG project from the American company Sempra. Additionally, discussions about the LNG supplies have taken place, with the potential for 5 million tons over 20 years. This strategic move aligns with Saudi Aramco's efforts to expand its presence in the LNG market and secure future supplies.