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Aramco Signs 17 US Preliminary Deals Worth Over $30 Billion

The memoranda signal intent only, with final investments and timelines still undecided.

Overview

  • The announced accords span liquefied natural gas, financial services, advanced materials manufacturing and procurement.
  • Named counterparts include MidOcean Energy, Commonwealth LNG, Baker Hughes, Halliburton, Blackstone and JPMorgan.
  • Aramco highlighted a potential investment linked to the Lake Charles LNG project and a separate arrangement with Commonwealth LNG in Louisiana.
  • The company did not disclose deal-level values, describing the documents as non-binding MoUs that require further steps before any commitments.
  • The announcements coincided with Crown Prince Mohammed bin Salman's White House visit, as both sides promoted closer economic ties and Aramco pursued a larger U.S. LNG footprint.