UAE May Build Fujairah LNG Terminal

Mubadala Development Company of Abu Dhabi plans to set up a terminal to import LNG in the eastern emirate of Fujairah bypassing the Strait of Hormuz, according to media reports.

The offshore LNG terminal would receive its first imports in 2014, Bloomberg reported.

Iran has several times threatened to shut the Strait of Hormuz.

The Strait of Hormuz plays an exceedingly important role in Persian Gulf oil and gas transportation.

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LNG World News Staff, March 20, 2012