Saudi Arabia Finally Joins the Natural Gas Wave
The oil-producing giant’s first investment in LNG is a clear signal the fuel will play a huge role in the global shift to cleaner sources.
A liquefied natural gas tanker docked near a processing plant on Curtis Island, Australia.
Photographer: Ian Waldie/BloombergWelcome to Energy Daily, our guide to the energy and commodities powering the global economy. Today, Senior Reporter Stephen Stapczynski looks at Saudi Arabia’s push into natural gas. Read why it may be time to scrap the Russian oil price cap. To get this newsletter sent straight to your inbox, you can sign up here.
The world’s biggest oil producer is finally moving to grab a piece of the booming natural gas market, the latest proof that the industry expects the fuel to play a significant part in the energy transition.