LNG

Italian energy company Eni and Sharjah National Oil Corp. in the LNG exporting and importing nation of the United Arab Emirates have started production start-up at the Mahani natural gas field in the emirate of Sharjah.

Sharjah National Oil Co. (SNOC) seeks to fast-track its financial investment decision (FID) on deploying a floating gas storage and regasification unit (FSRU) in the emirate to end power shortages at times of peak summer demand. Financial close is envisaged before the end of 2017, with aim to start importing LNG by early 2019.