ADNOC has taken delivery of its first FSRU from US-based Excelerate Energy as part of efforts to avert supply shortages during the peak demand season. But while the move shows the emirates’ gas supply vulnerabilities, it will enable it to take advantage of lower global LNG prices.
The newly-chartered floating storage and regasification unit (FSRU) was delivered earlier this month, and is currently moored off the coast of Ruwais, 240 km west of Abu Dhabi city, making it the second LNG import facility in the UAE. (CONTINUED - 1137 WORDS)
