Equinor and Sharjah National Oil Corporation have signed a memorandum of understanding to examine a partnership over LPG and NGL shipping, storage, trading and associated logistics in the United Arab Emirates, MarineLink reported on 21 October 2026.
The memorandum of understanding, as reported by MarineLink, commits Norway's Equinor and Sharjah National Oil Corporation to a joint exploration of opportunities across liquefied petroleum gas and natural gas liquids in the UAE.
The agreement, described in the report, identifies four principal areas for study: shipping, storage, trading and logistics. Both parties will assess how those activities might be developed or coordinated within the UAE, according to the published note.
Scope of the memorandum
The MoU sets out a framework for the partners to examine possible cooperation rather than obliging either side to deliver immediate projects. The study-oriented approach outlined in the report implies a period of evaluation before any concrete commercial arrangements or investments are proposed.
Parties and focus areas
Equinor and Sharjah National Oil Corporation are the named signatories in the report; the United Arab Emirates is identified as the geographic focus for the contemplated activity. The work the memorandum covers centres on LPG and natural gas liquids, with shipping, storage, trading and logistics specified as the fields to be explored.
The publication does not set out a timetable nor does it specify any planned vessels, terminals, trading centres or contract terms. The report confines itself to the announcement that the two companies will investigate what cooperative arrangements might be appropriate in the UAE.
The MarineLink item, dated 21 October 2026, is the source of the factual summary of the memorandum of understanding between Equinor and Sharjah National Oil Corporation. Beyond the areas of interest listed in the MoU, the report does not provide further operational detail, financing information or any schedule for next steps.
The announcement places a formal study and exploratory phase at the heart of the agreement, reflecting a commonly adopted first stage when companies consider collaboration in shipping, storage, trading and logistics. The precise outcomes of the exploration will depend on subsequent assessments and any future accords the two parties may conclude.
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