LNG

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.

Sharjah, the third largest of the seven United Arab Emirates after Dubai and Abu Dhabi, has signed an accord with German utility and energy trading company Uniper for liquefied natural gas deliveries.