Two Abu Dhabi government investment vehicles are seeking to put the tiny emirate of Fujairah on the LNG map.
International Petroleum Investment Company and Mubadala are planning to use a floating storage and regasification unit in the Gulf of Oman for the so-called Emirates LNG import project, a source close to the effort said.
The companies, both sovereign wealth funds set up to reinvest the emirate’s oil and gas revenues, have hired the engineering arm of Korea Gas to serve as technical advisor.
The
