Staff Report,
Dubai, UAE
The UAE’s gas sector is set to receive a boost as the state-owned ADNOC Gas awarded a US$3.6 billion (Dh13.1 billion) project to the joint venture between National Petroleum Construction Company and Tecnicas Reunidas to expand its gas processing infrastructure in the UAE.
The contract includes the commissioning of new gas processing facilities that will enable an optimised supply to the Ruwais Industrial Complex, the company said in a statement on Wednesday to the Abu Dhabi Securities Exchange, where its shares trade.
The strategic Maximizing Ethane Recovery and Monetization (MERAM) project aims to achieve dual objectives; firstly, to increase ethane extraction, by a range of 35 – 40 percent, from ADNOC Gas’s existing onshore facilities in the Habshan complex through the construction of new gas processing facilities and secondly, to unlock further value from existing feedstock and deliver it to Ruwais via a dedicated 120 kilometer natural gas liquids (NGL) pipeline.
Ahmed Mohamed Alebri, Chief Executive Officer of ADNOC Gas, said, “This capital project represents ADNOC Gas’ latest investment in its gas processing infrastructure and underscores our commitment to responsibly meeting our customers’ current and future energy demand for natural gas and its feedstock.
“The expansion of our gas processing infrastructure will also provide additional energy to the country’s growing industrial section, while stimulating economic growth and diversification through the significant ICV generated by the contract.”
Natural gas is an important transitional fuel with lower carbon emissions when burned compared to other fossil fuels. It also serves as an important raw material in industrial value chains.
ADNOC Gas continues to leverage opportunities arising from ADNOC’s integrated gas masterplan which links every part of the gas value chain in the UAE, ensuring a sustainable and economic supply of natural gas to meet local and international demand.
The plan includes new approaches and technologies to enable increased gas recovery from existing fields and develop untapped resources.
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