Natural gas is set to play a pivotal role in powering economic growth in the United Arab Emirates (UAE) over the next 50 years.
Balancing economic growth with environmental protection was the impetus for the UAE’s gas industry and it turned an environmental liability into a commercial opportunity.
The Abu Dhabi National Co. "ADNOC" plans to construct a new liquefied natural gas plant that would more than double its export capacity amid a growing demand.
The plant will use new technologies and “clean power” to reduce the carbon intensity of the LNG it produces, Bloomberg reported.
To be built at Fujairah, the plant will be able to produce as much as 9.6 million tons a year, Bloomberg reported.
ADNOC has appointed McDermott International Ltd as the design contractor and intends to award a contract for the construction of the plant in 2023, the oil company said in a statement on its Linkedin page.
Currently, the UAE has three liquefaction plants with a total capacity of 5.8 million tons per annum at Das Island, located inside the Gulf.
This comes as the UAE races to expand its exports amid a growing demand following the global energy crisis.
The UAE was the world’s 12th-largest LNG producer in 2021, making it a relatively small global player. However, a $20 billion push to develop more of its natural gas resources means it will be able to produce much more from about 2025 and the country aims to become self-sufficient by 2030.
The LNG import project at Fujairah represents a turnaround for the emirate that had been earmarked for an LNG import terminal a decade ago. The plans were since scrapped and Dubai remains the only emirate to use LNG imports to meet its gas needs.
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