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Outlook 2026: LNG markets and the overhang
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
Outlook 2026: The geopolitical weaponisation of LNG
Global gas markets are being reshaped by politics as much as by gas prices and fundamentals. From Washington to Doha, Brussels and Beijing, LNG has become a strategic weapon as much as a commodity
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UAE LNG
Dania Saadi
18 July 2024
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ADNOC targets low-carbon LNG

Emirati NOC’s new low-carbon liquefaction plant to benefit from low gas cost and marketing might

The UAE’s state-owned ADNOC is expected to capture a slice of future demand for low-carbon LNG, following in the footsteps of industry goliath Qatar, as it capitalises on its relatively low cost of gas production, ample capital and marketing prowess. A new 9.6mt/yr liquefaction plant will be built in the industrial city of Ruwais at a value of $5.5b for the EPC contract. The two 4.8mt/yr trains, which are expected to start in 2028, will emit less carbon dioxide than regular facilities because they will be fed by solar and nuclear power. “The plant will use electric-driven motors instead of conventional gas turbines and will be powered by clean energy, making it one of the lowest-carbon inten

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