Aramco, ADNOC sign framework agreement on strategic natural gas, LNG cooperation
Saudi Aramco and ADNOC signed a framework agreement to explore opportunities for collaboration in the natural gas and liquefied natural gas (LNG) sectors. The cooperation brings together two of the world’s leading energy producers from the Arabian Gulf to jointly work together in an area of strategic importance for both companies as they seek to boost revenues from the natural gas and LNG business segments.
Saudi Aramco and ADNOC will jointly assess investment opportunities across the natural gas and LNG value chain, exchange technical knowledge and expertise in natural gas and LNG growth markets.
The agreement was signed by Amin H Nasser, Saudi Aramco president and CEO, and Dr Sultan Ahmed Al Jaber, UAE minister of state and ADNOC group CEO, on the sidelines of ADIPEC.