The potential sales coincide with Crown Prince Mohammed bin Salman's efforts to diversify the Saudi economy from oil.

Commonly referred to as Saudi Aramco, the oil and gas giant saw its profits increase nearly 50% from $110 billion in 2021 to a record $161.1 billion for 2022, the company announced Sunday.

LONDON/HOUSTON (Reuters) -Oil giant Saudi Aramco is in talks with Commonwealth LNG to buy liquefied natural gas from the U.S.