UAE Plans Floating LNG Import Terminal

State-owned Abu Dhabi National Oil Co. (ADNOC) plans to start a new liquefied natural gas floating import terminal (FSRU) in the second half of this year, three LNG industry sources said.

The floating import terminal is being supplied by U.S. gas shipping company Excelerate Energy, the sources said.

Both ADNOC and Excelerate Energy did not respond to requests for comment.

One of the sources said the terminal's import capacity will be about 1 million tonnes per annum.

The UAE already imports LNG via a floating terminal supplied by Excelerate Energy off the coast of Dubai.

Reporting by Sarah McFarlane and Oleg Vukmanovic