Wednesday 27 January 2010
Dubai looks to Qatar for natural gas
Dubai may start importing up to 37 billion cubic feet per year of natural gas from Qatar as early as September.
Qatargas 4, a liquefied natural gas (LNG) joint venture between Qatar Petroleum and Royal Dutch Shell, has decided to ship half the plant’s planned output to China and Dubai instead of North America, Gerrit-Jan Smitskamp, Shell’s regional vice president for finance, said yesterday in Doha.
About 40 per cent of the LNG from the project would go to China, and about 10 per cent to Dubai, where market conditions for gas exporters are more favourable than in the US and Canada.
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