INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

UAE to build LNG plant with capacity to produce 9.6m tons

LNG, shipped on special tankers, today accounts for about 15 percent of all gas supply worldwide.
  • The project, to be built at Fujairah, would more than double its export capacity as the demand surges
  • the UAE has three liquefaction plants with a total capacity of 5.8 million tons per annum at Das Island, located inside the Gulf

The Abu Dhabi National Co.has revealed that it would build a new liquefied natural gas plant with the capacity to produce some 9.6 million tons a year.

The project, to be built at Fujairah, would more than double its export capacity as the demand surges.

Currently, the UAE has three liquefaction plants with a total capacity of 5.8 million tons per annum at Das Island, located inside the Gulf.

This comes as the UAE races to expand its exports amid a growing demand following Russia’s invasion of Ukraine.