Gazprom Ready to Supply LNG to Saudi Arabia

Russia is ready to supply LNG to Saudi Arabia if the need arises, energy minister Alexander Novak Thursday.

"As a leading country on the gas market Russia is ready to boost supplies of liquefied natural gas, all the more one of (Russia’s) main strategic areas is construction of LNG plants. We’re ready to increase gas supplies to the global market and in case Saudi Arabia's needs (arise) we’ll be ready to consider commercial agreements as well," TASS quoted Novak as saying.

Russian energy giant Gazprom has expressed interest in catering to the LNG markets in Middle East.

Earlier this month, Gazprom and Kuwait Petroleum Corporation agreed to cooperate in the field of LNG.

Kuwait is currently constructing a new terminal for receiving LNG and plans to finalize the construction in 2020, TASS reported.

Russia’s Energy Minister Alexander Novak may hold a meeting with his Saudi counterpart in the middle of December.