Saudi Aramco announced its first global investment in liquefied natural gas, part of a broader bid by the energy giant to expand beyond oil.

• The company seen as the jewel of the Saudi economy said it would acquire a minority stake worth $500 million in MidOcean Energy, which is managed by the U.S. investment firm EIG.
• "We anticipate strong demand-led growth for LNG as the world continues on its energy transition journey, with gas being a vital fuel and feedstock in various industries," Aramco CEO Amin Nasser said in a statement.
• "We believe that gas will be important in meeting the world's rising need for secure, accessible and more sustainable energy."