Saudi Aramco Eyes First LNG Sale With Overture to Pakistan
- Aramco Trading expressed interested in LNG sales: official
- State giant doesn’t produce LNG but is setting up trading desk
A liquefied natural gas tanker under construction at the Samsung Heavy Industries Co. shipyard in Geoje, South Korea.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
The world’s largest oil company is moving into the world of liquefied natural gas, offering to supply Pakistan with cargoes of the fuel even though it doesn’t produce any, according to a Pakistan government official.
Saudi Aramco Products Trading Co., the merchant arm of Saudi Aramco, has expressed interest in selling LNG cargoes on a spot or short-term basis to Pakistan, Nadeem Babar, head of Prime Minister Imran Khan’s task force on energy reforms, said by phone. Aramco will send a delegation to Pakistan this week to discuss the proposal further, he said. An Aramco spokesperson declined to comment.