Posted on Aug 22, 2006 in
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Comments Off on Dubai LNG Storage Hub Planned
Two Dubai government entities have joined with LNG Impel, a subsidiary of Galveston LNG, to develop an LNG storage hub in Dubai. With a total storage capacity of 40 to 65 bcf, the partners predict that the $1 billion project will offer flexibility to buyers and sellers, allowing them to capitalize on seasonal price variations, and will help develop a global spot market and support...