OPEC de facto leader and the world’s largest oil exporter Saudi Arabia has now officially joined the ranks of the world’s ever-expanding liquefied natural gas (LNG) exporters club. State-owned Saudi Aramco’s chief executive Amin Nasser said on Thursday that the company was in discussions with many partners around the world regarding potential joint ventures in gas and that it had sold its first LNG cargo, reportedly from Singapore, the LNG trading hub in the Asia-Pacific region, which accounts for two-thirds of global LNG demand. The storied oil giant has indicated several times that it’s interested in going long on gas, both exports as well as for domestic usage. Riyadh also said recently that it planned to produce 10 percent of its power from renewable sources in the next five to six years to diversify its energy mix and free up even more crude oil for export purposes. Saudi Arabia […]