Russian gas giant Gazprom and Saudi oil giant Saudi Aramco agreed to form a joint coordination committee to implement a memorandum of understanding (MoU) signed on Oct. 6, 2017 for gas cooperation, Gazprom said late Wednesday.
The parties reached an agreement to create a joint coordination committee during two separate meetings between Gazprom CEO Alexey Miller, Saudi Energy Minister Khalid Al-Falih and Saudi Aramco CEO Amin Nasser, which were held in Riyadh and Dhahran on Wednesday, according to Gazprom's statement.
'The talks gave a positive assessment of the prospects for cooperation in the gas sector,' the statement read.
The original MoU for expanded cooperation in the gas sector, was signed during the official visit of Saudi King Salman bin Abdul Aziz to Moscow in October 2017 and covers exploration, production, transmission and storage of natural gas, as well as liquefied natural gas projects.
By Firdevs Yuksel