The UAE’s $150 Billion Gas Bet Could Upend Global LNG Markets (Global)

There is a lot more to the UAE’s recently announced US$150 billion turbo-boost to its gas sector than meets the eye. It is true that it should deliver multiple economic benefits for the Middle Eastern country on a scale disproportionately larger than its small geographical size. One is gas self-sufficiency by 2030; another is increased feedstock for high-value petrochemicals production; and a third is powering a dramatic expansion in its artificial intelligence capabilities. However, it is also true that such major build?out of its gas sector will push the UAE rapidly up the ranks of global liquefied natural gas (LNG) suppliers -- and with that comes a host of geopolitical ramifications. So, what exactly does the gas expansion look like, and what precisely is the UAE planning? 

  

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