Saudi Aramco Products Trading Co, a wholly owned subsidiary of Saudi Aramco, is planning on selling LNG cargoes on a spot or short-term basis to Pakistan, according to reports quoting Nadeem Babar, head of Prime Minister Imran Khan’s task force on energy reforms. To further discuss the proposal, Saudi Aramco is reportedly sending a delegation to Pakistan anytime soon.
Saudi Aramco, which is not producing LNG, will be tapping its expert from Singapore’s Pavilion Energy Pte Ltd to develop its LNG business, focusing on trading and marketing. The world’s largest oil producer has been eyeing gas assets in Russia, Australia and the US, as well as outlining LNG investments with global partners. Recently Saudi Aramco has taken up discussions with Russian gas giant Novatek on the latter’s Arctic LNG 2 project.