Abu Dhabi's state-owned XRG is exploring the acquisition of an equity stake in the Shell-led LNG Canada project in British Columbia. The company has held talks with existing partners, including PetroChina, to purchase a portion of their holdings. LNG Canada has an annual capacity of 14 million metric tons and primarily supplies Asian markets, including China.
The XI International Industrial and Energy Forum TNF was held in Tyumen from September 14 to 17, 2026, marking its first edition with full international status. The gathering brought together more than 18,000 participants and over 50 signed cooperation agreements, featuring industry participation from China, the UAE's ADNOC, and Central Asian states. The platform focused on Russian oilfield technology localization, equipment manufacturing, and cross-border commercial partnerships.
A report cited by UA.NEWS outlines how China balances regional energy security and substantial commercial assets in the GCC against the backdrop of US-Iran hostilities. While China has drawn down strategic petroleum reserves and mitigated gas shocks through pipelines and renewables, Gulf Cooperation Council members and Iraq remain its primary regional economic and energy partners.
An analysis by The National reports that China is balancing strategic shifts from the US-Iran conflict while prioritising the safety of its extensive investments across the UAE and GCC. The publication notes that the GCC nations and Iraq are collectively far more vital to China as trade partners and energy suppliers than Iran. China has also mitigated energy disruptions through strategic oil reserves, domestic power diversity, and overland pipeline gas.
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