Bloomberg News

Emirates LNG Appoints Bank of Tokyo as Adviser, Mubadala Says

January 31, 2013

Emirates LNG, which plans to import liquefied natural gas into the United Arab Emirates, appointed Bank of Tokyo-Mitsubishi UFJ Ltd. as its financial adviser, according to one of the company’s shareholders.

Mubadala Development Co. and International Petroleum Investment Co., two Abu Dhabi state-owned investment funds, are partners in the project to develop a receiving terminal at Fujairah on the U.A.E.’s eastern coast to import LNG, gas cooled to a liquid for transport by seaborne tanker.

Emirates LNG was formed as a project company to develop technical and financial plans for the facility and is consulting with Bank of Tokyo as its adviser, Kelly Thomson, Mubadala’s head of structured finance, said at a conference in Dubai on Jan. 29. The company will further develop the scope of the project before settling on financing plans, she said.

To contact the reporter on this story: Anthony DiPaola in Dubai at adipaola@bloomberg.net

To contact the editor responsible for this story: Stephen Voss on sev@bloomberg.net


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