Middle East oil giant Saudi Aramco has put a hold on its planned move into LNG shipping and a tender for up to 12 newbuildings.
Quoting two unnamed sources, Reuters reported that Aramco’s shipping division Bahri has paused its ongoing business for the raft of LNG newbuildings after Sempra Energy said it would delay a planned investment decision on its Port Arthur LNG project in Texas until 2021 citing "the current market environment".
