The Declaration newspaper reported on December 24 that the United Arab Emirates ranked the third in terms of natural gas exports in Qatar and Algeria among Arab countries. In 2015, the UAE exported about 9.6 billion cubic meters of natural gas, of which 7.38 billion cubic meters were exported through the Japan's TECO company, accounting for 77% of total exports.
The United Arab Emirates exports of natural gas to Japan are based on long-term contracts signed by both parties. By the end of 2017, the United Arab Emirates exported natural gas to Japan for 40 years.
The United Arab Emirates imports about 23 billion cubic meters of natural gas from Qatar each year, 2 billion cubic feet per day, which is a long-term investment of Dolphin Energy company and it is 51% owned by the Abu Dhabi government, with the Dolphin project fully operational in 2008 at a cost of about AED14.7 billion.
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