In 2012, energy-rich Abu Dhabi set up Emirates LNG a joint venture between two sovereign wealth funds, to help import 9 million mt/year of LNG from the Fujairah bunkering hub and cater to the UAE's rising gas demand. Five years later, the project was scrapped.
Fast-forward to 2022, Abu Dhabi is now accelerating plans to build a new export LNG terminal in Fujairah. With its massive gas reserves, is Abu Dhabi the answer to the gas supply shortages hitting Asia and Europe?
Fast-forward to 2022, Abu Dhabi is now accelerating plans to build a new export LNG terminal in Fujairah. With its massive gas reserves, is Abu Dhabi the answer to the gas supply shortages hitting Asia and Europe?
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