ABU DHABI, 12th November, 2013 (WAM) -- Further to the Abu Dhabi Executive Council?s decision approving the project, EmiratesLNG, a joint venture between International Petroleum Investment Company (IPIC) and Mubadala Petroleum, announced it will build and operate the Middle East?s first land based liquefied natural gas (LNG) regasification facility at Fujairah.
The EmiratesLNG team, integrated with LNG specialists from a number of leading consultants and contractors including KOGAS, Poten & Partners and Technip, with support from ADNOC?s technical team, is working to ensure the successful and timely realization of this project, according to a press statement of EmiratesLNG. The Front End Engineering Design (FEED) was undertaken by Technip, whereas the engineering, procurement and construction (EPC) contract is currently under evaluation and will be awarded to one of the industry?s leading contractors in the field. EmiratesLNG?s regasification terminal will have an average throughput capacity of 1.2 billion standard cubic feet of natural gas per day (nine million tonnes of LNG per annum). The terminal will be a key infrastructure to support the UAE energy diversification strategy by enhancing energy security and providing flexibility to meet future gas demands. This state-of-the-art terminal will be able to accommodate the largest LNG carriers with the ability to access competitively priced LNG from any source around the world, it added. The strategic and vital terminal location at Fujairah has access points into the UAE gas network and is in close proximity to key power stations and desalination plants. The terminal will add yet another level of security and balance to the gas pipeline network, the company said. "EmiratesLNG will seize this opportunity to establish itself as a key player in the Middle East within the global LNG market. The establishment of EmiratesLNG and its operation in the years to come is a significant contribution to the delivery of sustainable, secure, clean gas, helping ensure a prosperous future for the UAE," said Ahmed Matar Al Mazrouei, CEO, EmiratesLNG. "With support and co-operation from our stakeholders, we look forward to serving our customers when we commence operation of the largest LNG re-gasification facility in the region," he added.Copyright Emirates News Agency (WAM) 2013.
