The United Arab Emirates plans not only to meet domestic demand for liquefied natural gas but also to increase its exports, energy minister Suhail Al Mazrouei said. Al Mazrouei said he agreed with Qatar’s energy minister that global demand for natural gas is outstripping investment in production projects. “We intend not only to satisfy our […]The United Arab Emirates plans not only to meet domestic demand for liquefied natural gas but also to increase its exports, energy minister Suhail Al Mazrouei said. Al Mazrouei said he agreed with Qatar’s energy minister that global demand for natural gas is outstripping investment in production projects. “We intend not only to satisfy our […]
UAE to increase LNG exports as global demand grows
The United Arab Emirates plans not only to meet domestic demand for liquefied natural gas but also to increase its exports, energy minister Suhail Al Mazrouei said.
Al Mazrouei said he agreed with Qatar’s energy minister that global demand for natural gas is outstripping investment in production projects.
“We intend not only to satisfy our local demand, but we are also growing our export of LNG. And I agree with his excellency minister of Qatar that the demand is going to be much, much more than the projects that we are seeing,” Al Mazrouei said on the sidelines of Abu Dhabi Financial Week.
Qatar energy minister Saad Al Kaabi said on Saturday that global gas demand would remain strong, citing rising energy needs from artificial intelligence, and projected that LNG demand would reach 600-700 million tonnes per annum by 2035.
XRG, the international investment arm of UAE’s Abu Dhabi National Oil Company, said in June it aims to have a gas and LNG business with a capacity of between 20 million and 25 million metric tonnes a year by 2035.
Further reading:
- Adnoc’s XRG to develop Argentina LNG project
- LNG from QatarEnergy North Field expansion to arrive in H2 2026
- XRG makes first investment in US LNG industry
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
SOL Faces Pressure, DOT Climbs 2.3%, While BullZilla Presale Rockets Past $460K as the Top New Crypto to Join Now
What if the next meme coin wasn’t just about culture but also structure? It’s the question many investors ask as meme coin volatility rises. Communities demand more than hype, and the search for the Top New cryptos to join now is heating up. In the past 24 hours, Solana fell 0.75% to $236.52 while Polkadot […] Continue Reading: SOL Faces Pressure, DOT Climbs 2.3%, While BullZilla Presale Rockets Past $460K as the Top New Crypto to Join Now
Share
Coinstats2025/09/18 05:15
Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.
Daily market key data review and trend analysis, produced by PANews.
Share
PANews2025/04/30 13:50
the $63M White Whale of a tale
The post the $63M White Whale of a tale appeared on BitcoinEthereumNews.com. This weekend on crypto social media, memecoin traders spun yet another fantastic tale of leveraged trading meltdown. According to the still-being-written legend, crypto exchange MEXC locked $3 million belonging to famed crypto trader The White Whale. As he continued to amass money from leveraged trading despite the freeze, he claimed that he’d become so wealthy that if MEXC ever unfroze the funds, he’d give away the proceeds to the community. Then, on October 10, HyperLiquid liquidated $63 million of his then-larger assets amid a contentious pricing print from a data oracle. Though briefly devastated, MEXC eventually agreed to unlock his assets, prompting celebrations over his legendary return and, predictably, the creation of various memecoins. Smelling an opportunity, The White Whale decided to use some of his recently unlocked $3 million, earmarked for “the community,” to overtake one of these eponymous memecoins and add liquidity on its trading pairs. The White Whale of crypto Most crypto traders simply laughed as he attached cringe-worthy images of a white whale engaged in financial transactions to his trading commentary tweets. The laughter was appropriate, given how impossible it is to verify his narrative. So-called decentralized exchanges with limited know your customer requirements like HyperLiquid allow anyone to create an unlimited number of wallets and manipulate the pricing of markets across various wallets that they control. In other words, no one except the trader knows if someone has sole claim to a single wallet and username, or whether someone is using multiple wallets in order to craft a trading history for one of many usernames. The White Whale, like the titular whale in Herman Melville’s 1851 novel, Moby Dick, has become an obsession to many on social media, thanks to the fantastic sums of money at stake, the clownish images, and the ostensibly philanthropic, Phoneix…
Share
BitcoinEthereumNews2025/12/08 21:19