UAE Moors 2nd FSRU As It Looks To Take Advantage Of Cheap LNG

ADNOC has taken delivery of its first FSRU from US-based Excelerate Energy as part of efforts to avert supply shortages during the peak demand season. But while the move shows the emirates’ gas supply vulnerabilities, it will enable it to take advantage of lower global LNG prices.

The newly-chartered floating storage and regasification unit (FSRU) was delivered earlier this month, and is currently moored off the coast of Ruwais, 240 km west of Abu Dhabi city, making it the second LNG import facility in the UAE.

The FSRU which will be able to process 500mn cfd is being commissioned, having loaded its tank at Das Island, home to the emirate’s 5.8mn ton/year liquefaction plant, operated by ADGAS, a subsidiary of ADNOC. (CONTINUED - 1137 WORDS)