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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATURAL GAS
ADNOC Gas expects little change in its sales for 2024 compared to the previous year, according to Platts.
- Forecasted sales for 2024 are in the range of 93-97 Bcm, compared to around 97.8 Bcm in 2023.
- Exports of liquid sales are expected to be 26.1-26.6 Bcm, down from 27.7 Bcm in 2023.
- ADNOC supplies around 60% of the UAE’s domestic gas needs, with the rest imported from Qatar.
- ADNOC’s share of LNG production volumes – its most profitable line – fell 4% on the year.
- The company is planning to add two 4.8m mtpa LNG trains to its Ruwais hub in Abu Dhabi, boosting its current capacity of 6m mtpa of LNG and 10 Bcf/d of natural gas.
- It forecasts that natural gas demand will increase 15% in the next 10-years.
- One reason that the company’s revenues declined was that Asian spot LNG prices fell 53% on the year in 2023.
Source: S&P Global Commodity Insights
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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