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Middle East LNG imports have maintained rapid growth

Date:2017-09-16

       The united Arab emirates (uae), March 21, the gulf news reported according to standard &poor's Global Platts (S&P Global Platts) forecast, the next two years in the Middle East liquefied natural gas (LNG) demand will continue to grow, and then stable in each year more than 40 billion cubic meters (29.2 million tons).

       In 2014, LNG imports from the Middle East including Pakistan were 5.9 billion cubic meters (4.3 million tons), accounting for less than 2 percent of global imports. But by 2016, that number has reached 28.6 billion cubic meters (20.9 million tons), accounting for 7.9 percent of the world's total. , according to a report in the past three years, the traditional natural gas consumption area of stagnation or decline of demand, but LNG imports rose by more than 380% in the Middle East, and in the next few years will continue to maintain rapid growth.

       According to the report, as the united Arab emirates second floating storage and regasification device (FSRU) delivered in 2016, the united Arab emirates and the mid - 2018 - a third LNG import terminal in sharjah, united Arab emirates (uae) of LNG imports will continue to keep growing. Currently, the uae mainly imports natural gas from Qatar for electricity generation through the dolphin energy pipeline. Founded in 1999 by the government of ABU dhabi, dolphin energy has been in charge of the dolphin gas project since 2007. In addition to imported natural gas, the uae is also focusing on developing its own gas fields, with a production capacity of 1 billion cubic feet per day in the Al Hosn acid gas field, which was put into operation in 2015.

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