LNG

SNOC to relocate Hamriyah FSRU, delaying FID

Sharjah National Oil Co.'s plans to relocate its FSRU outside of Hamriyah port will delay FID to next year and increase the project's costs Sharjah National Oil Co.'s plans to relocate its FSRU outside of Hamriyah port will delay FID to next year and increase the project's costs.
By Verity Ratcliffe 10 November 2017 0 28329
SNOC will moor an FSRU outside Hamriyah port. SNOC will moor an FSRU outside Hamriyah port. (Sharjah Ports)

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,”...