Situated in Al Ruwais Industrial City, Abu Dhabi, the 9.6 Mt/year Ruwais LNG project is expected to begin commercial operations in 2028.

The facility located above the Arctic circle is key for Russia’s ambition to triple LNG production by the end of the decade. While those plans were squeezed by international restrictions after the Kremlin’s invasion of Ukraine, China’s decision to take more Russian gas amid a confrontation with the US could revive those goals.

These new measures follow the 18th sanctions package, unveiled in July 2025, which lowered the oil price cap on Russian crude to US$47.6/bbl,

Current Russian exports to the Philippines are dominated by products from the metallurgical and chemical industries and the timber sector, as well as agricultural goods and food products. Philippines exports to Russia include electronics, chemical industry goods and agricultural products.

The growing connection between LNG exports and electricity markets in the U.S. is happening because of two long-term trends.

The communication is the latest move in Qatar's long-simmering frustration with the CSDDD. In December, al-Kaabi told a forum in Doha the legislation was "ridiculous" and threatened to pull LNG supply to the EU if it meant being subject to the law's penalties.

After meeting the president in the resort to finalize the deal, European Commission President Ursula von der Leyen confirmed the EU and the US will increase their "energy cooperation."

The prospective deal would be the first of its kind between the countries and continues the expansion of Russia's reach in global energy markets and LNG competition with the United States.

With prices linked to Henry Hub, market sources suggested that the cargoes are likely coming from the US. This is likely the first US LNG SPA signed by a Chinese company since the announcement of China's tariffs on US LNG.

Rising domestic demand, hot summers and rapidly deteriorating local production mean Egypt needs to buy increasing volumes of LNG.