Five companies in the race for Sharjah LNG project

Project involves construction of Sharjah’s first floating LNG storage terminal

  
Image for illustrative purposes. A liquified natural gas (LNG) tanker leaves the dock after discharge at PetroChina's receiving terminal in Dalian, Liaoning province, China July 16, 2018.

Image for illustrative purposes. A liquified natural gas (LNG) tanker leaves the dock after discharge at PetroChina's receiving terminal in Dalian, Liaoning province, China July 16, 2018.

REUTERS/Chen Aizhu

15 August 2019
Sharjah National Oil Corporation (SNOC) has received commercial bids for the Engineering, Procurement Construction (EPC) tender for its Sharjah LNG [Liquefied Natural Gas] Project at Hamriyah Port.

The project involves the construction of Sharjah's first floating LNG storage terminal.

Malaysia's Sapura Energy Berhad, Greece's Archirodon, UK's Petrofac and the UAE's National Petroleum Construction Company (NPCC) and Valentine Maritime Gulf have submitted commercial bids for the EPC contract, officials from these companies confirmed with Thomson Reuters Projects.

During the technical bids stage, in addition to the aforementioned five companies, Turkey's STFA Construction Group and Netherland's Royal Boskalis Westminster had also submitted bids, officials from both companies confirmed with Thomson Reuters Projects.

In June, Thomson Reuters Projects had reported that SNOC would retain 100 percent of the equity of the Sharjah LNG Project after the cancellation of its joint venture with Germany-based energy company Uniper Global Commodities.

The EPC contract award is likely by the end of August, a source aware of the project details told Thomson Reuters Projects. He said the project is scheduled for completion and commissioning in the third quarter of 2022.

The cost for has been estimated at $800 million, a second source told Thomson Reuters Projects.

The first source said contract award was delayed from May 2019 to July and thereafter to August but didn't elaborate on the reasons for the delays.

The EPC tender was issued in the first half of 2018, the second source said.

He said the project scope also includes the construction of 18-kilometre long 26-inch subsea pipeline from jetty to shore, a Pressure Reduction and Metering Station (PRMS) and two branch lines from the PRMS to tie-in points.

(Reporting by Senthil Palanisamy; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)


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