UAE to expand LNG exports

The United Arab Emirates (UAE) plans not only to meet domestic demand for liquefied natural gas (LNG), but also to grow its exports, Energy Minister Suhail al-Mazrouei said on Monday. Mazrouei said he agreed with Qatar's energy minister that global demand for natural gas is outstripping investment in production projects. "We intend not only to satisfy our local demand, but we are also growing our export of LNG. And I agree with his excellency Minister of Qatar, that the demand is going to be much, much more than the projects that we are seeing," Mazrouei said on the sidelines of Abu Dhabi Financial Week.