Saudi Aramco, ADNOC Eye US LNG Investment, Offtake Agreements

Saudi Aramco and ADNOC are in talks to invest in US LNG projects, tapping opportunities to compete with the regional rival Qatar, sources told Reuters.

• Saudi Aramco is in talks to invest in phase 2 of Sempra Infrastructure's Port Arthur LNG project in Texas, which represents a proposed expansion to the already producing first phase, the sources said. Sempra’s Port Arthur in Texas is targeting a start in 2027 for its first train.
• One source said Aramco is in talks to purchase some or all volumes from one of the two liquefaction units at Port Arthur's second phase, both capable of producing up to 13.5mtpa.
• ADNOC is in talks with NextDecade for an offtake agreement from a proposed fourth processing unit at the Rio Grance LNG export facility, the sources said.