DUBAI, Feb 24 (Reuters) - Emirates LNG has leased a plot of land on the east coast of the United Arab Emirates (UAE) and will start building an LNG import terminal there later this year, the company said in a statement on Sunday.
The joint venture between Abu Dhabi's Mubadala Petroleum and IPIC was set up in 2012 to import liquefied natural gas (LNG) into the port of Fujairah to help meet rapidly rising demand for gas in the UAE.
"The Emirates LNG facility will have the capacity to import 9 million tons per annum of LNG to help fuel the growing energy demands of the UAE economy," Emirates LNG Chief Executive Ahmed Matar Al Mazrouei said.
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