Abu Dhabi indefinitely postponed the construction of the first onshore LNG import facility in the busy oil port of Fujairah in favor of a floating supply terminal.
Oman Tank Terminal Company (OTTCO) plans to start operating a floating storage unit later this year to ease trade of crude oil futures on the Dubai Mercantile Exchange (DME), trade sources said on Tuesday.
After Ministry of Petroleum's announcement earlier last month of the arrival of a 2nd terminal in August of this year. EGAS reported that plans to receive the floating terminal in Ain Sokhna have changed for security ...