Saudi Aramco Chief Executive Amin Nasser is negotiating with Russia's Novatek to invest in a large liquefied natural gas (LNG) project, he was reported as saying by Al Arabiya TV on Oct. 23.
Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh on Oct. 23, officials said.
Saudi Energy Minister Khalid al-Falih said on Sunday there was consensus among OPEC and allied oil producers to drive down crude inventories "gently" but his country would remain responsive to the needs of what he called a fragile market.
National Grid Plc said on Friday it will not process new applications for natural gas service in its New York City and Long Island service area until Williams Cos Inc.’s Northeast Supply Enhancement (NESE) pipeline receives the permits it needs to proceed.
Company says it expects to make an FID on the grain in the second quarter.