Abu Dhabi plans to build a terminal for importing liquefied natural gas at a port that would avoid the need for vessels to pass through the Strait of Hormuz, four people with knowledge of the situation said.
Mubadala Development Co. and International Petroleum Investment Co., both funds run by the government of Abu Dhabi, will set up the plant in Fujairah, another of the United Arab Emirates’ seven sheikhdoms, said the people, who declined to be identified because the project hasn’t been announced publicly. Mubadala didn’t respond today to messages left on the mobile phones of two press officials. IPIC didn’t respond to an e- mailed request for comment.
The offshore LNG terminal, which is designed to float, would receive its first imports in 2014, one of the people said. Chilled liquid fuel, once turned back to gas, would then be sent to industrial sites in the U.A.E., the people said.
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