Sharjah National Oil Co. (SNOC) will relocate its planned FSRU at Hamriyah in the United Arab Emirates to outside the port, delaying FID on the project into the first half of 2018 and increasing costs, Chief Executive Hatem al-Mosa told Interfax Natural Gas Daily on Wednesday.
SNOC had hoped to reach an FID on the project by the end of 2017 with the intention of starting imports by early 2019, but the schedule has been pushed back.
“FID will not happen by the end of this year,”...
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