Saudi Arabia looks to expand from oil to natural gas with huge LNG investment in Russia’s Arctic
Russia’s biggest independent gas producer Novatek is considering selling up to 30 percent of its Arctic LNG (liquefied natural gas) 2 project to Saudi national oil giant Saudi Aramco. Shortly after selling a 10-percent stake in the project to France’s Total, Novatek said it is ready to consider a deal with Saudi Arabia as it…