Gazprom, Saudi Aramco sign MoU in the gas sector

EPA/ALI HAIDER/FILE PICTURE

A gas flame is seen in the desert at Khurais oil field, about 160 kilometres from Riyadh, Saudi Arabia.

Companies to cooperate in natural gas exploration, production, transmission and storage to LNG projects

 


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Russian gas giant and Saudi Aramco have signed a Memorandum of Understanding for international cooperation in the gas sector.

Viktor Zubkov, Chairman of the Gazprom Board of Directors, and Amin H. Nasser, President and CEO of Saudi Arabian Oil Company, signed the document on October 6 in Moscow on the margins of the official visit to Russia by Saudi King Salman.

The document reflects the intention of the parties to explore the possibilities of cooperation along the entire value chain from natural gas exploration, production, transmission and storage to liquefied natural gas (LNG) projects, Gazprom said.

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