Dubai takes on Qatar with LNG

Dubai is planning to go head to head with Qatar as a hub for liquefied natural gas storage and trading

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By  Conrad Egbert Published  September 2, 2006

Dubai is planning to go head to head with Qatar as a hub for liquefied natural gas storage and trading. The Dubai Multi Commodities Center (DMCC), Techno Park and LNG Impel will develop an estimated US $1 billio (AED3.7 billion) Liquefied Natural Gas (LNG) storage facility at Techno Park in Dubai. The facility aims to have a total storage capacity of 1.2-1.8 billion m3, and is pegged as the first of its kind in the world, offering customers the ability to store, trade and plan supplies of LNG. “This project is a signal achievement for DMCC’s objective to make Dubai the energy hub of the Middle East, and is in keeping with our key role as a promoter of commodity trade,” said Ahmed bin Sulayem, chief operating officer, DMCC.

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