UAE Mulls Importing North American Gas

In a major development, the United Arab Emirates, a big oil producer, is looking at importing natural gas from North America, reports news agency Reuters.

“We may follow the same trend of considering investments in the United States and Canada to bring some of that gas back home,” UAE Oil Minister Suhail bin Mohammed al-Mazroui said on Monday at an energy conference in London, according to Reuters.

The minister added that although UAE's Abu Dhabi National Energy Company has invested in Canada's oil and gas sector, so far it has not been publicly involved in North American natural gas export projects but is thinking about it now.

The UAE last year awarded a contract to build a liquefied natural gas (LNG) import terminal at Fujairah on its east coast.

It already gets a modest volume of Qatari gas by pipeline, which helps feed its power and desalination plants, reports Reuters.

Sign-up for our free weekly newsletter update via email here