After the gas crisis in October, the country wants to provide itself with stocks.
The Russian gas pipeline does not meet European standards.
Oil prices eased on Wednesday, taking a breather after gains earlier this week.
Aramco Gas Pipelines Company, will lease usage rights in Aramco’s gas pipelines network and lease them back to Aramco for a 20-year period.
The European Union is going to revise the gas market legislation.
Brent goes up above $70 a barrel.
Over the past week, world oil quotations have experienced serious volatility.