Saudi gas ambitions likely to have geopolitical impact
By James M. Dorsey A podcast version of this story is available on Soundcloud, Itunes , Spotify , Stitcher , TuneIn , Spreaker , Pocket Casts and Tumblr A Saudi push to become a major natural gas player is as much about diversifying the kingdom’s domestic consumption and export mix as it is about taking advantage of harsh US economic sanctions against Iran designed to force a change of the Islamic republic’s policy, if not its regime. Saudi Arabia scored an initial success with the sale of its first Liquified Natural Gas (LNG) cargo in Singapore, the trading hub for Asia and the Pacific, the world’s largest LNG market. The sale speaks to the ambitions of Saudi Arabia’s national oil company, Aramco, that seeks to become a major gas player by partnering with producers across the globe, including in the Russian Artic, and developing its own reserves. Aramco expects the partnerships to position it as major marketeer and trader, primarily in the spot and short-...