Saudi Aramco, UAE’s ADNOC in talks to invest in US LNG projects

Reuters was first to report that Middle Eastern oil giants Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) are in talks to invest in U.S. liquefied natural gas projects, as they step up competition with oil majors and regional rival Qatar in the booming market. Aramco CEO Amin Nasser confirmed the story four days later when he said the company was looking at U.S. LNG assets.