Dubai Gathers Two-Month Supply of Natural Gas on Reserve

Bloomberg reported that Dubai has amassed a reserve totalling a two-month supply of natural gas, to safeguard against potential supply interruption.

As quoted in the market report:

The regional business, banking and real-estate hub imports liquefied natural gas by ship and also takes gas by pipeline from Qatar since it’s exhausted its own supplies. Dubai’s energy council last year announced a plan to diversify fuel sources to cut the use of gas from more than 90 percent of supply now to about 70 percent by 2030. Solar power, coal and nuclear generation will comprise the rest, according to the plan.

To view the whole Bloomberg report, click here.