Gazprom, Aramco to Boost Gas Cooperation

Russia’s state-controlled giant Gazprom and Saudi Aramco have agreed to boost cooperation in the gas sector, widening their areas of collaboration in the industry. Chairman of Gazprom Management Committee Alexey Miller held meetings in Riyadh and Dhahran with Saudi Energy Minister Khalid al-Falih and Saudi Aramco’s President and CEO Amin Nasser, where the parties agreed to set up a joint coordinating committee to follow up on the memorandum of understanding on gas cooperation that they signed last year, Yahoo Finance reported. In October 2017, Saudi Aramco and Gazprom signed an agreement to explore joint cooperation in the gas industry during the official visit of Saudi King Salman to Russia. Back then, Aramco and Gazprom agreed to explore opportunities along the entire value chain from natural gas exploration, production, transmission and storage to LNG projects.