Saudi Aramco signed a LNG agreement with Shell

According to MidstreamBusiness Magazine, State oil giant Saudi Aramco signed a preliminary deal to pursue international gas opportunities with Royal Dutch Shell Plc on March 8 as part of top crude exporter Saudi Arabia’s diversification drive before the listing of Aramco.
The memorandum of understanding signed in London between the two companies was during the official visit of Saudi Crown Prince Mohammed bin Salman to Britain, and would include gas upstream and liquefaction projects.
Diversifying gas assets abroad would help Aramco achieve a better valuation and is attractive for investors, in the general view of the imminent IPO for Saudi Aramco, industry sources has said. Riyadh also plans to raise domestic gas prices, a move seen as an incentive for foreign companies.