{"id":371646,"date":"2020-09-03T12:19:23","date_gmt":"2020-09-03T06:49:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=371646"},"modified":"2020-09-03T12:19:23","modified_gmt":"2020-09-03T06:49:23","slug":"aramco-delays-multibillion-dollar-lng-petrochemical-plans","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aramco-delays-multibillion-dollar-lng-petrochemical-plans\/","title":{"rendered":"Aramco delays multibillion-dollar LNG, petrochemical plans"},"content":{"rendered":"<p>Saudi Aramco has delayed multi-billion-dollar petrochemical and liquefied natural gas projects as it looks to save cash and preserve its dividend after this year\u2019s crash in energy prices, according to people familiar with the matter.<\/p>\n<p>The world\u2019s biggest oil company is scaling back plans to construct a $20 billion crude-to-chemicals plant at Yanbu in eastern Saudi Arabia, according to one person, who asked not to be identified because they aren\u2019t authorized to speak to the media. It\u2019s also reviewing an earlier decision to buy 25% of Sempra Energy\u2019s Texas LNG terminal &#8212; which would cost several billion dollars &#8212; and has already taken some staff off the project, according to a separate person.<\/p>\n<p>A spokesperson for the company declined to comment on the matter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco has delayed multi-billion-dollar petrochemical and liquefied natural gas projects as it looks to save cash and preserve its dividend after this year\u2019s crash in energy prices, according to people familiar with the matter. The world\u2019s biggest oil company is scaling back plans to construct a $20 billion crude-to-chemicals plant at Yanbu in eastern Saudi Arabia, according to one person, who asked not to be identified because they aren\u2019t authorized to speak to the media. It\u2019s also reviewing an earlier decision to buy 25% of Sempra Energy\u2019s Texas LNG terminal &#8212; which would cost several billion dollars &#8212; and [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-371646","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=371646"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371646\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=371646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=371646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=371646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}