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Russia: Putin tells Saudi Arabia to buy Russian gas to spare oil01:50

Russia: Putin tells Saudi Arabia to buy Russian gas to spare oil

Russian Federation, Sabetta
December 8, 2017 at 20:30 GMT +00:00 · Published

Russian President Vladimir Putin invited Saudi Arabia's energy minister Khalid al-Falih to buy Russia’s liquefied natural gas (LNG) in order to "spare" Saudi oil, on Friday. The Russian leader was speaking from the Yamal LNG plant in the Arctic port of Sabetta, Yamalo-Nenets district, where he carried out an inspection and gave the go ahead for the first tanker of LNG to be loaded.Khalid al-Falih congratulated the Russian president on launching the plant and replied positively to Putin’s suggestion saying, "That's why I am here."According to Putin, energy cooperation between the Russian Federation and Saudi Arabia will turn both countries from competitors into partners. "Everybody will benefit from this joint work", he added.As Saudi Arabia's energy minister Khalid al-Falih noted, the two countries have already changed "the world energy scene" through working together. Yamal LNG is an integrated project encompassing natural gas production, liquefaction and shipping and is located on the Yamal Peninsula, above the Arctic Circle. Their work involves constructing a liquefied natural gas (LNG) plant using the South Tambey field as a resource base.

Russia: Putin tells Saudi Arabia to buy Russian gas to spare oil01:50
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Russian President Vladimir Putin invited Saudi Arabia's energy minister Khalid al-Falih to buy Russia’s liquefied natural gas (LNG) in order to "spare" Saudi oil, on Friday. The Russian leader was speaking from the Yamal LNG plant in the Arctic port of Sabetta, Yamalo-Nenets district, where he carried out an inspection and gave the go ahead for the first tanker of LNG to be loaded.Khalid al-Falih congratulated the Russian president on launching the plant and replied positively to Putin’s suggestion saying, "That's why I am here."According to Putin, energy cooperation between the Russian Federation and Saudi Arabia will turn both countries from competitors into partners. "Everybody will benefit from this joint work", he added.As Saudi Arabia's energy minister Khalid al-Falih noted, the two countries have already changed "the world energy scene" through working together. Yamal LNG is an integrated project encompassing natural gas production, liquefaction and shipping and is located on the Yamal Peninsula, above the Arctic Circle. Their work involves constructing a liquefied natural gas (LNG) plant using the South Tambey field as a resource base.

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