Thursday, Jun 24, 2010
LONDON (Dow Jones)--Saudi Arabia, the world's largest energy producer, may benefit from importing liquefied natural gas to boost domestic supply and maximize profits from oil exports, a Royal Dutch Shell PLC (RDSB) executive said Thursday.
"In an environment where much crude and fuel oil is being burnt up for power, there's a strong case to bring in more gas and free up some of that [oil] for export," De la Rey Venter, Shell's global head of LNG, said at the National Oil Companies congress in London.
"I don't know what the kingdom will decide."
-By Angela Henshall, Dow Jones Newswires; +44 (0)20 7842 9285; angela.henshall@dowjones.com
(Lananh Nguyen in London contributed to this report.)
(END) Dow Jones Newswires
24-06-10 1057GMT
