Aramco, the Saudi energy giant, is entering the field of liquefied natural gas (LNG) investments. The company, considered the "jewel in the crown" of the Saudi economy, announced on Thursday that it is acquiring part of the ownership of the liquefied natural gas company Mid Ocean, which is owned by an American investment company. The value of the Saudi investment is about 500 million dollars.

This is Aramco's first investment in the global oil market and if a normalization agreement is reached with Saudi Arabia, its interest in the Israeli market should not be dismissed. 

In the past, we have already seen the Emirati company Mubadala purchase Delek Drilling's holdings in the Tamar reservoir. 

Photo: Reuters