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Abstract

Saudi Arabia has taken a major step into global gas markets with Saudi Aramco signing a heads of agreement (HoA) with Sempra Energy. The HoA includes a 20-year sales and purchase agreement (SPA) for 5 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from phase 1 of the proposed Port Arthur LNG project in Texas. The agreement also includes a possible 25% equity stake from Aramco in the project.

Authors

Kaushik Deb

Kaushik Deb

Former Research Fellow Kaushik was an applied economist and a research fellow at KAPSARC. He was responsible for defining and operationalizing the research… Kaushik was an applied economist and a research fellow at KAPSARC. He was responsible for defining and operationalizing the research agenda for KAPSARC’s Markets and Industrial Development team. Kaushik was previously the head of global gas markets in the Group Economics team at BP, where he oversaw the analysis that formed the basis for BP’s natural gas investment and trading strategy. Before BP, Kaushik worked at IDFC Bank, where his portfolio included policy research and advocacy on infrastructure and environmental economics issues. These issues included low carbon infrastructure, decentralized electricity services in rural areas, and organized intermediate public transport systems for small towns. Kaushik holds a doctor of sciences (D.Sc.) degree from ETH Zurich. He has also guided and implemented research in applied economics at TERI University, India, where he was also the program director of its two MBA programs.

Rami Shabaneh

Senior Research Associate Rami Shabaneh is a senior research associate with a focus on global gas and hydrogen markets. Rami has nearly 15… Rami Shabaneh is a senior research associate with a focus on global gas and hydrogen markets. Rami has nearly 15 years of research and industry experience analyzing energy markets and energy policy. Before joining KAPSARC, Rami worked at Cenovus Energy as a market fundamentals analyst, providing analytic support on specific issues affecting North American gas, natural gas liquids and condensate markets. His work informed the company’s hedging strategies. Before working at Cenovus Energy, Rami spent three years as a research economist at the Canadian Energy Research Institute. He holds a B.Sc. in actuarial science and an M.Sc. in sustainable energy development from the University of Calgary.  

Expertise

  • Natural Gas and Hydrogen

Publications See all Rami Shabaneh’s publications

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