UAE's Fujairah LNG Import Terminal To Start Operating In 2015: Mubadala

Published on Wednesday, 05 Jun 12:46 pm

The UAE's second LNG import terminal, at Fujairah, will have an initial regasification capacity of 600,000 mn cfd and is expected to receive its first cargo in 2015, the chief operating officer of Mubadala Petroleum said Tuesday. The start-up of the Emirates LNG terminal on the UAE's Arabian Sea coast would boost the country's total gas-import capacity to 4.3bn cfd, which consumption projections indicate the country will need, Steven Peacock told delegates at an oil, gas and power conference in Abu Dhabi. Mubadala Petroleum, a unit of Abu Dhabi government-owned Mubadala Development, is a 50% partner in the Emirates LNG joint venture developing the terminal. The other partner is International Petroleum Investment Company, which is also owned by the government of Abu Dhabi, the UAE's leading emirate. Mubadala Petroleum also has a 51% stake in Abu Dhabi's Dolphin Energy consortium, which imports gas to the UAE by undersea pipeline from Qatar. In addition, it produces about 400,000 barrels of oil equivalent/day from oil and gas operations in the Middle East, Africa, Caspian region and Southeast Asia (Platts).

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