UAE

Abu Dhabi To Import 1.2Bn CFD Of LNG, Shah Gas Field Slips

 

Abu Dhabi’s decision to start importing LNG in 2014-15 will put it into competition with Kuwait and Bahrain for floating regasification and storage units (FRSUs), whose market is tight. Positioning the terminal in Fujairah bypasses the Strait of Hormuz and could supply the northern emirates and/or allow Dolphin Energy to supply both Oman and Abu Dhabi with the gas. The move hangs a question mark over future...