Saudi Arabia pushes ahead with IPO
The state firm is making the right noises about its privatisation, but the clock is ticking and market fundamentals could still shift
Lower oil prices have exposed Saudi Arabia's Achilles' heel and, as global environmental legislation tightens, the kingdom must deal with the problem. The 84-page Vision 2030 is designed to do just this, breaking the country's addiction to oil (and especially oil revenue). The part privatisation of Aramco, as anyone who follows global energy now knows, is part of the effort. A firm that currently provides 90% of government revenue, hope Riyadh's strategists, will evolve into an energy and industrial conglomerate operating under the umbrella of the Public Investment Fund (PIF), generating wealth indefinitely. Aramco will follow the right path in an age-old fork in the road-change, or be chang
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Awais Ali Butt, manager for sales and business development at Pakistan LNG Ltd, discusses LNG’s role in energy security across developing, price-sensitive economies, as well as examining trade-offs between buying strategies and the impact of lower prices and policy on import behaviour
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LNG’s technical maturity, availability and price, as well as regulation, have driven its rapid adoption as a marine fuel, yet its future in shipping will depend on transition policies and progress in cutting methane emissions and scaling bio- and synthetic LNG, according to Carlos Guerrero at Bureau Veritas
