26.03.2012 - UAE’s Mubadala lays foundations for Fujairah FSRU
An Abu Dhabi joint venture between sovereign wealth fund Mubadala Group and state-owned International Petroleum Investment Company (IPIC) has advanced plans for a floating storage and regasification unit (FSRU) in the port of Fujairah, Mubadala said. "The project engineering phase has now commenced, following completion of a feasibility study last year," said a spokesman from the sovereign wealth fund, adding that the terminal is expected to start operations in the "next two or three years."..............................................Full Article: Source
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