Jeddah: United States authorities have given approval to Sabic, Saudi Arabia’s largest chemical producer, to export LNG from the US to the UK.
Sabic is now converting a 90-hectare olefins cracker in Wiltshire, England, to be able to handle imports of US shale gas, after receiving approval from the UK government.
The conversion work will begin next year and be completed in 2016, Mohamed Al Mady, Sabic’s chief executive, said in an interview.
Al Mady also hinted that Sabic hopes to announce further investment in shale gas developments in the US in the near future. [24/11/14]