Mubadala plans floating LNG terminal in Fujairah

摘要

MUBADALA DEVELOPMENT CO. is working on a project that would use floating LNG storage and a regasification unit, the company said in a statement The first supplies are expected in tne next two to three years, it said. Iran threatened earlier this year to close the Strait in response to sanctions that the US and Europe are imposing because of the Islamic republic's nuclear programme.