State-owned Saudi Arabian Oil Co., better known as Aramco, is working to secure LNG supply contracts for global trading as it continues to build on a strategy aimed at moving into the world’s natural gas market. 

Offtake contracts and a trading portfolio, CFO Ziad Al-Mushed said during the first quarter earnings call, would create a valuable opportunity for the company. 

Aramco is owned by the Saudi royal family and is one of the world’s largest integrated energy companies. In recent years, it has been working to boost natural gas output and extend its reach beyond oil into low-emissions fuels, partly by acquiring interests in companies across the world. 

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