Shell and Saudi Aramco signed on Thursday a preliminary agreement to pursue gas projects worldwide, as the Anglo-Dutch supermajor is increasingly betting on natural gas production and Aramco seeks to expand its gas business. “It is a discussion that began some time ago and now we have signed a memorandum to work on gas projects from upstream to downstream across the world and in Saudi Arabia. Concrete projects would be announced in due course,” Shell’s CEO Ben van Beurden told Reuters after the signing ceremony for the memorandum of understanding (MoU). The preliminary deal was signed during the visit of Saudi Crown Prince Mohammed bin Salman in London, where he is expected to discuss, among other economic projects, the pitch of the London Stock Exchange to host the international listing of Saudi Aramco, expected to be the world’s biggest initial public offering (IPO) in history. UK officials don’t expect […]