The UAE’s $150 Billion Gas Bet Could Upend Global LNG Markets

A primary focus of the UAE’s soon-to-be gas surplus will be LNG, according to statements from participating firms. Unlike pipelined gas, LNG can be quickly bought in the market and then shipped expeditiously to wherever it is required, which has made it the world’s key emergency energy source since Russia invaded Ukraine on 24 February 2022. With either a supernatural degree of ‘good luck’ or very good advance information, China signed multiple long-term LNG contracts at preferential prices in the 12-month ...