Dubai is hoping to buy overseas energy assets in an attempt to reduce its bill for importing gas.
The emirate relies heavily on imports to meet its energy needs and is paying a high price for liquefied natural gas (LNG) bought at fluctuating prices on the international markets.
"We are looking at how we can really secure the supply in the long run through different sources and options," said Nejib Zaafrani, the chief executive of the Dubai Supreme Council of Energy (DSCE).
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