LNG

Saudi Aramco, the largest oil producing company, has just reported its annual earnings with net profits dropping by around 20 percent to $88.2 billion compared with $111.1Bln for the previous year as it outlined plans to spend billions on unconventional natural gas development after also planning to enter the LNG sector.

Sempra Energy, the California-based utility and owner of the Cameron LNG plant in Louisiana and with two other export facilities under development, reported full-year earnings of $2.1 billion and progress on all three ventures.