36 C
Dubai
Saturday, September 7, 2024
spot_img

Adnoc subsidiary awards $1.3bn gas pipeline expansion contract

[ad_1]

Top integrated gas processor Adnoc Gas has awarded a $1.34 billion contract to Petrofac Emirates and a consortium of Petroleum Construction Corporation and CAT International to expand its gas pipeline network.

The company, a subsidiary of Abu Dhabi National Oil Company (Adnoc), said the work was carried out under the Marketing Gas Network Enhancement (Estidama) programme.

The new pipeline will extend Adnoc Gas’ existing pipeline network from approximately 3,200 kilometers to more than 3,500 kilometers, enabling more gas to be delivered to customers in the northern emirates of the UAE.

He said this strategic pipeline expansion will drive ADNOC’s further growth as it continues to provide sustainable gas supplies in the UAE, supporting the company’s strategy to increase market share and expand its customer base.

Ahmed Mohamed Alebri, Chief Executive Officer of Adnoc Gas, said: “Our strategic network expansion will bring the advantages of low-cost, sustainable and clean gas to the world by enhancing industrial access to gas. To more locations in the UAE, natural gas is a cost-competitive, low-carbon-intensive fuel.”

“The expanded pipeline will drive further growth for Abu Dhabi Gas and its shareholders as we fulfill our mission of making the UAE self-sufficient in gas,” he noted.

As part of Adnoc’s highly successful Domestic Value (ICV) programme, which aims to enhance the UAE’s local value chain by encouraging local manufacturing and supporting local industry, more than 70% of contract value is expected to flow back into the UAE economy.

The program is made up of multiple projects, the first of which was awarded in 2021 for early retrofit works on the existing pipeline, which was successfully completed in 2023.

The second and third projects currently being awarded include the construction of new pipelines and a gas compression plant at Mount Hab, which will help deliver the necessary feedstock gas to key customers across the emirate.

Alebri said ADNOC’s integrated gas master plan connects all parts of the UAE’s gas value chain, ensuring a sustainable and economical supply of gas to meet local and international demand.

He added that the program includes innovative approaches and technologies to increase gas recovery from existing fields and develop untapped resources.– trade arab news agency

[ad_2]

Source link

Related Articles

A Taste of Home How A1 Khandeshi is Reviving Traditional Khandeshi Flavors

In today's fast-paced world, where convenience often trumps tradition, one company is determined to bring back the rich culinary heritage of Khandesh. A1 Khandeshi,...

Brookfield and ADQ Poised for Game-Changing Grifols Takeover: A Strategic Power Play in the Pharmaceutical Industry

Brookfield Asset Management and Abu Dhabi's ADQ are reportedly in advanced talks to acquire a significant stake in Grifols,A leading Spanish pharmaceutical company known...

Crypto Surge: Institutional Investment Fuels Rising Market Valuations and Future of Digital Assets.

Crypto Market Soars: Institutional Investment Fuels Surge in Digital Asset ValuationsThe world of digital assets has seen a remarkable surge, driven largely by increasing...

Nova Sign Printing : Make your Brands Shine with Premium Signage Solutions in Dubai

Nova Sign Printing : Make your Brands Shine with Premium Signage Solutions in Dubai High-quality signage is one great way to boost your brand. Having...

Mark Zuckerberg Accuses Biden-Harris Administration of ‘Pressuring’ Meta to Censor Covid Posts: ‘I Regret That We…’

Mark Zuckerberg, the CEO of Meta, has made explosive allegations against the Biden-Harris administration, claiming that the government exerted undue pressure on the social...

Latest Articles