Abu Dhabi Puts Fujairah LNG Terminal On Hold
By Aiswarya Lakshmi
Thursday, May 5, 2016
Citing sources familiar with the matter, Bloomberg reports that Abu Dhabi is delaying the construction of the UAE’s first land-based LNG import terminal after contracting a floating liquefied natural gas unit.
The Abu Dhabi National Oil Company has secured the services of an FSRU due to commence operations later in the year.
The vessel will reportedly be based at Ruwais, to the west of Abu Dhabi, where there is an oil refinery and crude-loading port.
The EmiratesLNG partnership was unavailable for immediate comment. The Fujairah LNG plant was scheduled for completion in 2018.
The company is also going over options additional options for the onshore facility in the port of Fujairah. The facility would have on-site gas storage capabilities, an LNG reloading station, and an LNG bunkering station, the report reveals.
The joint venture of UAE state-controlled International Petroleum Investment Company (IPIC) and Mubadala Petroleum was planning to build the new terminal, which was to be used to import 9 million tonnes of gas a year, at the busy oil port of Fujairah.
Despite boasting the seventh largest reserves of oil and gas, Abu Dhabi is among Middle Eastern producers seeking to raise gas imports for power plants and industry.