INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

UAE energy ministry intensifies monitoring of liquefied natural gas shipments

UAE energy ministry considers LNG shipments that do not adhere to standards as a threat to community safety.
  • LNG cargoes that fall short of the standards pose a threat to the community safety and impinge on the profitability of national companies, a ministry official said.
  • The ministry is keen to enhance corporate awareness about the procedures adopted by the UAE to regulate the transportation of oil derivatives.

The UAE’s Ministry of Energy and Infrastructure said on Wednesday that it is intensifying inspections of liquefied natural gas (LNG) shipments coming to the country in collaboration with its partners.
Intensified inspections are being carried out to ensure compliance with standards and technical regulations and specifications in place in the country, local media reports said.
In this connection, Sharif Al Olama, Under-Secretary for Energy and Petroleum Affairs at the Ministry, and a few representatives of Ministry of Industry and Advanced Technology, visited the Khatmat Malahah border post in Sharjah.
Al Olama said the ministry is keen to enhance corporate awareness about the procedures adopted by the UAE to regulate the transportation of oil derivatives according to global safety and security standards.
“Ensuring safety and security is a leading national priority. Therefore, we seek to reinforce joint action to monitor LNG imports,” he said and added that LNG cargoes that fall short of the standards pose a threat to the community safety and security and impinge on the profitability of national companies.