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Released November 24, 2025 | SUGAR LAND
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Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)
U.S. President Donald Trump hosted Saudi Crown Prince Mohammed bin Salman last week at the White House.
"Saudi [Arabia] is going to be investing at least $600 billion, and that means investments in plants, in companies, money on Wall Street," Trump said last week during a bilateral meeting. The White House said in a statement the $600 billion was the amount committed earlier this year, and that bin Salman announced Saudi Arabia would be increasing that amount to nearly $1 trillion.
The following day, the Saudi Arabian Oil Company (Riyadh), better known as Saudi Aramco, announced it signed 17 separate memoranda of understanding (MOUs) with U.S. companies through its Aramco Group Companies division.
Amin Nasser, the president and chief executive officer at Saudi Aramco, said U.S. entities have supported his company's success since the 1930s. At the time, Standard Oil of California, which later became Chevron Corporation (Houston, Texas), was among the first to secure concessions to drill for oil in Saudi Arabia.
"We expect the multi-billion-dollar MOUs and agreements announced today to act as a springboard for further progress, strengthening Aramco's longstanding legacy of collaboration with American counterparties and unlocking new value creation opportunities that promote innovation and growth," he said.
Saudi Aramco said it was eying investments in the U.S. energy sector. The company signed MOUs related to potential investments in the Lake Charles liquefied natural gas (LNG) facility and a possible offtake agreement with Commonwealth LNG (Houston). Both are slated for Louisiana, though neither are shovel-ready.
Executives at Energy Transfer Partners (Dallas, Texas) said they would hold off on a final investment decision (FID) on its proposed Lake Charles LNG project in Louisiana until 80% of the project was sold off to equity partners, potentially delaying a facility that secured construction permits more than a decade ago.
If completed, Lake Charles would have an export capacity of 5.5 million metric tons per annum (MTPA).
Commonwealth in September secured the necessary permits from the U.S. Department of Energy (DOE) to deliver up to 1.21 billion cubic feet per day (Bcf/d), or 9.5 MTPA, of natural gas in liquid form to non-free-trade agreement (non-FTA) countries. But in an October filing with the Federal Energy Regulatory Commission (FERC), the developers said a pause on permits for new export facilities for LNG enacted by former President Joe Biden meant it could not meet a 2027 deadline. The applicants want the construction permit extended to December 2031.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can click here learn more about the Lake Charles LNG and Commonwealth LNG projects.
Elsewhere, Aramco signed a handful of MOUs with firms such as SLB, Baker Hughes and Halliburton.
In May, Aramco signed more than 30 arrangements with major U.S. companies that could have a total value of around $90 billion. Outside the energy sector, Aramco at the time signed an MOU with chipmaker NVIDIA (Santa Clara, California) to advance computing infrastructure for artificial intelligence.
By the Numbers
About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Summary
Saudi Aramco said it was building on its historic relationship with the United States by signing preliminary agreements for LNG and upstream services.Trump Lauds Saudi Investments
Noting its historic relationship with the United States, Saudi Arabia announced Wednesday it had signed a handful of preliminary deals in the U.S. energy sector after delegates met with U.S. officials.U.S. President Donald Trump hosted Saudi Crown Prince Mohammed bin Salman last week at the White House.
"Saudi [Arabia] is going to be investing at least $600 billion, and that means investments in plants, in companies, money on Wall Street," Trump said last week during a bilateral meeting. The White House said in a statement the $600 billion was the amount committed earlier this year, and that bin Salman announced Saudi Arabia would be increasing that amount to nearly $1 trillion.
The following day, the Saudi Arabian Oil Company (Riyadh), better known as Saudi Aramco, announced it signed 17 separate memoranda of understanding (MOUs) with U.S. companies through its Aramco Group Companies division.
Amin Nasser, the president and chief executive officer at Saudi Aramco, said U.S. entities have supported his company's success since the 1930s. At the time, Standard Oil of California, which later became Chevron Corporation (Houston, Texas), was among the first to secure concessions to drill for oil in Saudi Arabia.
"We expect the multi-billion-dollar MOUs and agreements announced today to act as a springboard for further progress, strengthening Aramco's longstanding legacy of collaboration with American counterparties and unlocking new value creation opportunities that promote innovation and growth," he said.
Saudi Aramco said it was eying investments in the U.S. energy sector. The company signed MOUs related to potential investments in the Lake Charles liquefied natural gas (LNG) facility and a possible offtake agreement with Commonwealth LNG (Houston). Both are slated for Louisiana, though neither are shovel-ready.
Executives at Energy Transfer Partners (Dallas, Texas) said they would hold off on a final investment decision (FID) on its proposed Lake Charles LNG project in Louisiana until 80% of the project was sold off to equity partners, potentially delaying a facility that secured construction permits more than a decade ago.
If completed, Lake Charles would have an export capacity of 5.5 million metric tons per annum (MTPA).
Commonwealth in September secured the necessary permits from the U.S. Department of Energy (DOE) to deliver up to 1.21 billion cubic feet per day (Bcf/d), or 9.5 MTPA, of natural gas in liquid form to non-free-trade agreement (non-FTA) countries. But in an October filing with the Federal Energy Regulatory Commission (FERC), the developers said a pause on permits for new export facilities for LNG enacted by former President Joe Biden meant it could not meet a 2027 deadline. The applicants want the construction permit extended to December 2031.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can click here learn more about the Lake Charles LNG and Commonwealth LNG projects.
Elsewhere, Aramco signed a handful of MOUs with firms such as SLB, Baker Hughes and Halliburton.
In May, Aramco signed more than 30 arrangements with major U.S. companies that could have a total value of around $90 billion. Outside the energy sector, Aramco at the time signed an MOU with chipmaker NVIDIA (Santa Clara, California) to advance computing infrastructure for artificial intelligence.
By the Numbers
- $600 billion: What Trump sees in Saudi investments
- 17: MOUs signed last week by Saudi Aramco
- 30: MOUs signed after Trump visited Saudi Arabia earlier this year
- Saudi Aramco inked MOUs with upstream and U.S. LNG companies.
- The MOUs follow a visit to Washington D.C. by the Saudi crown prince.
- Aramco has a long history with U.S. energy companies.
About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
