INSEAD Day 4 - 728x90

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

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

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.