Abu Dhabi National Oil Company (ADNOC) believes that a fast-tracked development of the liquefied natural gas (LNG) export terminal in the emirate of Fujairah will allow Abu Dhabi to exploit increased European demand for gas to replace Russian pipeline supplies.
ADNOC is currently assessing bids from engineering companies to build the Fujairah trains as part of the onshore package.
However, ADNOC has not yet decided whether to sell equity in the project to international oil companies (IOCs).
Tactical Report has prepared a 481-word report to shed more light on this project, its benefits to the UAE, and where the IOCs stand.
