Emirates LNG Appoints Bank of Tokyo as Adviser, Mubadala Says

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.