Saudi Arabia Eyes LNG Imports, Investing in Foreign Liquefaction

20 July 2017: Saudi Arabia is developing plans to invest in foreign liquefaction plants as it looks to LNG imports to meet rising domestic gas demand. Through its national oil company, Saudi Aramco, it will consider taking an equity stake in a liquefaction project, delivering its equity volumes to Saudi Arabia, predominantly for use in power generation to displace oil. According to Poten estimates of Saudi Arabia’s gas needs, it could see the Gulf state importing up to 12 MMt/y, becoming the Middle East’s biggest LNG importer.

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