EmiratesLNG to build LNG import terminal in Fujairah

IPIC, Mubadala JV says it is pushing after with project after approval by Abu Dhabi Executive Council
EmiratesLNG to build LNG import terminal in Fujairah
(Photo for illustrative purposes only)
By Andy Sambidge
Tue 12 Nov 2013 10:48 AM

EmiratesLNG will build and operate the Middle East's first land based liquefied natural gas (LNG) re-gasification facility at Fujairah following government approval for the project, the company has announced.

EmiratesLNG, a joint venture between International Petroleum Investment Company (IPIC) and Mubadala Petroleum, said it would push ahead with the project after Abu Dhabi Executive Council decided to approve the project.

EmiratesLNG’s  regasification terminal will have an average throughput capacity of 1.2 billion standard cubic feet of natural gas per day. 

The terminal will be able to accommodate the largest LNG carriers with the ability to access competitively priced LNG from any source around the world, the company said in a statement.

"This iconic development will give EmiratesLNG access to global gas markets thereby strengthening supply and adding extensive economic value to the UAE by creating potential business developments and opportunities as well as jobs for the UAE," it added.

Ahmed Matar Al Mazrouei, CEO, EmiratesLNG, said: “EmiratesLNG will seize this opportunity to establish itself as a key player in the Middle East within the global LNG market.

"The establishment of EmiratesLNG and its operation in the years to come is a significant contribution to the delivery of sustainable, secure, clean gas, helping ensure a prosperous future for the UAE.

“With support and co-operation from our stakeholders, we look forward to serving our customers when we commence operation of the largest LNG re-gasification facility in the region."

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