Russia and Saudi Arabia discuss natural gas project

Russia's Gazprom natural gas and Saudi petrochemical corporation SABIC have again talked about a possible partnership in a natural gas project. The investment would be the construction of an industrial complex on the Yamal peninsula, northwestern Serbia. The information is from the Russian newspaper Vedomosti.

According to a source, Gazprom held talks with representatives of the Saudi company in December 2020. In the conversations, the proposal arose that they share the risks inherent to the project. According to the source, Gazprom also assesses "some Chinese offers as potential contributors to the same project", but reiterated that official talks between the parties have not yet taken place.

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