Emirates LNG Chooses Bank of Tokyo as Financial Adviser

Emirates LNG has chosen Bank of Tokyo-Mitsubishi UFJ Ltd. as their financial consultant, Bloomerg informs citing one of Emirates LNG shareholders (Mubadala Development Co. and International Petroleum Investment Co. joint Venture Company).

The Abu Dhabi-based company plans to build a terminal for importing liquefied natural gas at Fujairah thus avoiding the need for vessels to pass through the Strait of Hormuz.

While speaking at a conference in Dubai on Jan. 29 Kelly Thomson, Mubadala’s head of structured finance, said that Emirates LNG would gather technical and financial plans for the Fujairah facility and is consulting with Bank of Tokyo as its adviser on the project in question.

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LNG World News Staff, January 31, 2013; Image: IPIC