EmiratesLNG LLC is a joint venture company formed in 2012 on a 50:50 basis by Mubadala Petroleum and the International Petroleum Investment Company (IPIC). The company was established to meet the growing demands of the UAE economy and the country’s increasing need for efficient, secure and clean energy. The initial task of EmiratesLNG is to build the UAE’s first, and the Middle East’s largest, land-based regasification terminal, which will be strategically located on the East Coast of UAE at Fujairah. The new terminal will facilitate the importation of LNG from around the world and will be able to supply an average of 1.2 billion standard cubic feet (Bcf) per day (9 million tons of LNG per annum) of natural gas to the country’s power sector. The facility will provide an additional, reliable supply of clean energy to the UAE gas pipeline network, ensuring that the country can meet the growing power demands of the nation, minimize its dependency on the burning of alternative fossil fuels and reduce its carbon footprint.