April 2014, Vol. 241 No. 4

Projects

UAE Contemplates Importing LNG From U.S.

The United Arab Emirates is looking at importing natural gas from North America in what would be one of the most striking developments since the start of the U.S. shale boom, Reuters reported.

About a dozen long-term deals, each worth billions of dollars, have recently been signed behind closed doors between U.S. producers and buyers in China, Japan, Taiwan, Spain, France and Chile.

“We may follow the same trend of considering investments in the United States and Canada to bring some of that gas back home,” UAE Oil Minister Suhail bin Mohammed al-Mazroui told an energy conference in London.