EmiratesLNG to build LNG import terminal
Dubai, November 11, 2013
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 said on Monday.
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 will seize this opportunity to establish itself as a key player in the Middle East within the global LNG market," Ahmed Matar Al Mazrouei, CEO of EmiratesLNG said in a statement.
"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." – Reuters