Japan is projected to overtake China as the world's largest importer of liquefied natural gas this year for the first time since 2022. Consultancies ICIS and Kpler report that elevated spot prices and elevated domestic storage levels in China have constrained Chinese purchases. The shift comes alongside disruptions to Asian LNG demand following halts to shipments from the United Arab Emirates and Qatar.
Cryptocurrency exchange Binance resumed withdrawals for bitcoin, ether, and selected stablecoins on Sunday after covering 95 per cent of the $6.3 billion stolen in a recent cyberattack. The platform used $6 billion of company funds to purchase replacement tokens and stated that less liquid assets will follow in phases. The FBI attributed the security breach to a North Korean state-sponsored cyber unit.
Adipec is set to convene a record 2,260 exhibiting companies and over 239,000 attendees from more than 170 countries at the Adnec Centre Abu Dhabi. Discussions will focus on energy security, artificial intelligence investment, and infrastructure financing, with Asia sending its largest-ever delegation. Commercial partnerships remain central following Adnoc's Dh60 billion manufacturing initiative for local suppliers and $53 billion in deals signed at the previous edition.
DEWA International has signed a memorandum of understanding with China's Shanghai Electric to explore joint energy and water investments in international markets. The partnership targets sectors including solar, wind, energy storage, desalination, green hydrogen, and power transmission.
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