World needs access to Russian gas – Saudi Energy Minister

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The world needs access to Russian gas, which is among the cheapest on the planet, Saudi Energy Minister Khalid al-Falih said on Wednesday.

Russian liquefied natural gas (LNG) could help Saudi Arabia to reduce the amount of oil liquids burnt in the kingdom, al-Falih said at the Russian Energy Week forum in Moscow.

He also said that state-run oil and gas company Saudi Aramco was in active talks with Russia’s independent gas producer Novatek <NVTK.MM> about participating in the next phase of the Russian Yamal LNG project.

MOSCOW (Reuters)

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