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FINANCIAL NEWS
Emirates’ LNG project to start operations mid-2018
13 Nov 2014
(MENAFN) Emirates LNG, a joint venture between UAE state-controlled International Petroleum Investment Co. (IPIC) and Mubadala Petroleum, is expected to start output from its currently being built liquefied natural gas (LNG) import facility by mid-2018, Arab News reported.
“It’s a strategic project for this country and we are moving forward with it,” CEO of Mubadala Petroleum was quoted as saying.
The facility, which will be located at the busy oil port of Fujairah, is expected to be capable of supplying an average of 1.2 billion standard cubic feet (bcf) of natural gas per day to the UAE.
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