Russia’s giant, Gazprom signed a memorandum of understanding with Saudi Arabian Oil Company (Saudi Aramco) for international cooperation in the gas sector.
The document reflects the intention of the parties to explore the possibilities of cooperation along the entire value chain from natural gas exploration, production, transmission and storage to LNG projects.
The deal was signed by Viktor Zubkov, chairman of the Gazprom board and Saudi Aramco’s president and CEO, Amin H. Naser, Gazprom said.
The memorandum of understanding was signed during the official visit to Russia by Salman bin Abdulaziz Al Saud, King of Saudi Arabia.