Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

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.