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These MoUs and agreements build on the 34 MoUs and agreements announced in May this year, which included a deal for Woodside’s Louisiana LNG export project.
Together, these deals provide for potential collaboration opportunities with companies in the US valued at around $120 billion, according to Aramco.
Aramco did not provide much information in a statement issued on Wednesday regarding the new deals.
The company said that agreement with Commonwealth LNG is related to the liquefaction project located in Louisiana, US, and Aramco Trading’s potential purchase of LNG and gas.
Commonwealth has not yet taken a final investment decision on its project.
The developer recently secured an extension of time from the US FERC to complete construction and put into service its LNG export project near Cameron.
In addtion, the company said that EIG’s MidOcean Energy, in which Aramco has a 49 percent stake, has signed an MoU related to potential investment in the Lake Charles LNG project.
Earlier this year, MidOcean signed a heads of agreement with Energy Transfer to jointly develop the latter’s Lake Charles LNG export facility.
Energy Transfer’s Lake Charles LNG project seeks to convert its existing regasification terminal to an LNG export facility.
It has a proposed liquefaction capacity of 16.45 mtpa and includes three trains and also modifications to the Trunkline Gas pipeline.
Aramco’s LNG ambitions
Aramco’s CEO Amin Nasser said in a August during Aramco’s H1 earnings call that the company’s long-term ambition is to have a portfolio of 20 million tonnes per annum (mtpa) of LNG capacity.
Besides boosting its stake in MidOcean, Aramco also signed a 20-year deal with NextDecade to buy 1.2 mtpa of LNG per year from Train 4 at the Rio Grande LNG facility earlier this year.
“We are also in discussion on certain agreements that we are currently evaluating that will give us close to 2 million tonnes,” Nasser said during the call.
“We’re looking at something in the range of about 4.5 million tonnes, some of it offtake, some of it equity,” he said.
“Our long-term ambition is to have 20 million tonnes of LNG capacity, and we continue to evaluate a lot of opportunities currently in our pipeline,” Nasser said.
