It is the modern equivalent of bringing coals to Newcastle. So why is the holder of the world's seventh-largest gas reserves planning to import gas, and what's more, in its most expensive form?
It was revealed last Monday that two of Abu Dhabi's companies, Mubadala Development, a strategic investment company owned by the Abu Dhabi Government, and the International Petroleum Investment Corporation, would build a terminal at Fujairah to import liquefied natural gas (LNG).
LNG, not to be confused with the bottled gas (LPG) used for cooking, is simply natural gas, cooled to minus162°C to turn it into a liquid that can easily be transported in special tankers. The terminal will be of an innovative floating design, fast to install, and capable of being moved if it is not needed in later years.
No comments:
Post a Comment