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UAE plans floating LNG import terminal this year

ADNOC's floating import terminal project is being supplied by US gas shipping company Excelerate Energy: Reuters

UAE plans floating LNG import terminal this year
UAE plans floating LNG import terminal this year

The UAE’s state-owned Abu Dhabi National Oil Co. or ADNOC plans to start a new liquefied natural gas floating import terminal (FSRU) in the second half of this year, three LNG industry sources told Reuters.

The floating import terminal is being supplied by US gas shipping company Excelerate Energy, the sources said.

One of the sources told Reuters that the terminal’s import capacity will be about 1mn tonnes per annum.

The UAE already imports LNG via a floating terminal supplied by Excelerate Energy off the coast of Dubai.

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