FT: UAE looking to invest in US and Canada gas projects

The United Arab Emirates is considering investing in US and Canadian gas projects to take advantage of low prices created by the shale boom, as Gulf states increasingly turn to imports to meet soaring domestic energy demand.

Despite sitting on some of the largest energy reserves in the world, and sitting alongside big gas producers such as Qatar and Iran, the UAE and nearby Kuwait are increasingly importing gas to meet surging demand for electricity from their growing populations.  MORE