Global LNG supplies are tightening ahead of winter as new production outside Qatar and the UAE only partially offsets Middle East supply losses. With European gas inventories unusually low, Europe is absorbing more US cargoes while Chinese buyers resume discussions for long-term supply.
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.
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