US-based Excelerate Energy is rumoured to have been selected as the preferred bidder to supply a floating storage and regasification unit (FSRU) to Fujairah in the United Arab Emirates (UAE).

No announcement has been made by Emirates LNG developers, Abu Dhabi-based Mubadala Oil & Gas Co and state investment vehicle International Petroleum Investment Co, but industry sources indicate Excelerate has beaten Golar LNG — the other shortlisted party — to the business.

Mubadala