From Dow Jones/Fox Business

Saudi Arabia is hunting for an energy deal in American shale country.

Saudi Arabian Oil Co., known as Aramco, has had initial conversations about either taking a stake in Tellurian Inc., a Houston-based liquefied-natural-gas developer, or agreeing to buy some of its fuel in the future, people familiar with the matter said.

Separately, it has also inquired about acquiring assets in two giant U.S. oil and gas basins, the Permian and Eagle Ford, the people said.

The talks haven’t reached an advanced stage, and the Saudis have talked to other undisclosed U.S. companies about natural gas export deals, the people said. A spokesperson for Tellurian said: “We cannot comment on commercial dealings.”

Aramco didn’t respond to requests for comment.


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