Saudi Arabia eyes 30% stake in Arctic LNG project

Saudi Energy Minister Khalid al-Falih
Khalid al-Falih

Saudi Arabia plans to acquire 30 percent of Russia’s Novatek Arctic LNG project, Saudi Energy Minister, Khalid al-Falih, told Ekhbariya TV on Thursday.

He called it a “very ambitious project,” and the biggest example of cooperation between the Saudi private sector and Russian companies.

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