Wed, 21 Mar 2012 01:32:39 CDT
United Arab Emirates: Mubadala Oil and Gas, a division of Abu Dhabi's Mubadala Development is building a major gas terminal in Fujairah to eliminate the need for gas tankers to pass through the Strait of Hormuz, The National has reported. Upon completion of the terminal, which Mubadala expects by 2014, liquefied natural gas (LNG) tankers from outside the Gulf will be able to deliver their cargoes to Abu Dhabi without using the waterway that separates the UAE from Iran. "Mubadala Oil & Gas can confirm it is working on a project with the aim of securing additional gas supplies to meet energy demand from the UAE's growing economy through the development of an LNG receiving facility located in the emirate of Fujairah," the company said.
Read full article at: ameinfo.com