Adnoc Gas has awarded three contracts worth $2.1 billion to grow infrastructure supporting its Ruwais LNG Project amid rising demand for liquefied natural gas globally.
The contracts include a $1.24 billion agreement for an LNG preconditioning plant at the Habshan 5 facility, awarded to a consortium with Egypt's Enppi (Engineering for the Petroleum and Process Industries) and Petrojet, Adnoc Gas said on Thursday.
A $514 million contract for transmission pipelines was secured by China Petroleum Pipeline Engineering, while Petrofac Emirates was awarded a $335 million contract to develop compression facilities.
The contracts aim to establish the infrastructure needed to supply feedstock to the Ruwais LNG export complex, the company said.
The Ruwais LNG centre, expected to become operational in 2028, is set to more than double the company’s liquefied natural gas production capacity to over 15 million tonnes a year.
“The awards … underline our commitment to making strategic and targeted investments that enable the delivery of our most significant projects, allowing us to continue meeting our customers' demands internationally,” said Fatema Al Nuaimi, chief executive of Adnoc Gas, the integrated gas processing unit of Abu Dhabi National Oil Company.
In November, Adnoc Gas said it expects to acquire parent company Adnoc’s 60 per cent stake in the Ruwais LNG plant in the second half of 2028 for up to $5 billion.
The project, partly owned by international energy companies such as BP, Japan’s Mitsui, Shell and TotalEnergies, will significantly increase Adnoc Gas's LNG production capacity.
Its Habshan 5 plant is part of one of the world’s largest integrated gas processing complexes. The five plants have a combined capacity to process 6.1 billion standard cubic feet of gas a day.
The newly-awarded transmission pipelines will connect the Habshan complex with the Ruwais LNG facility, the company said.
The latest awarded projects, part of Adnoc Gas’ $15 billion capital expenditure plan through 2029, aim to strengthen its position as a global LNG supplier while leveraging clean grid electricity to minimise carbon intensity.
The Abu Dhabi-based company, which has access to 95 per cent of the UAE's natural gas reserves, supplies customers in the Emirates through an extensive network of pipelines. It also seeks to grow exports of products such as LNG, liquefied petroleum gas and naphtha.
Global LNG demand is estimated to rise by more than 50 per cent by 2040, as industrial coal-to-gas switching gathers pace in Asia and South-East Asian countries. Such countries use more LNG to support their economic growth, Shell said last year.
Last month, Adnoc signed a sales and purchase agreement with German energy infrastructure company EnBW to supply 600,000 tonnes per annum of LNG for 15 years. The LNG will primarily be sourced from the Ruwais LNG project.
The agreement with EnBW is Adnoc’s second with a German company for Ruwais LNG, after a 15-year, 1 mtpa deal signed in November with state-owned energy company SEFE.
More than 8 million tonnes per annum of the Ruwais LNG project’s 9.6 mtpa production capacity has been committed to international customers through long-term deals, the company said in December.
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The specS: 2018 Toyota Camry
Price: base / as tested: Dh91,000 / Dh114,000
Engine: 3.5-litre V6
Gearbox: Eight-speed automatic
Power: 298hp @ 6,600rpm
Torque: 356Nm @ 4,700rpm
Fuel economy, combined: 7.0L / 100km
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The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
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Dr Afridi's warning signs of digital addiction
Spending an excessive amount of time on the phone.
Neglecting personal, social, or academic responsibilities.
Losing interest in other activities or hobbies that were once enjoyed.
Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.
Experiencing sleep disturbances or changes in sleep patterns.
What are the guidelines?
Under 18 months: Avoid screen time altogether, except for video chatting with family.
Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.
Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.
Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.
Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.
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The specs: 2018 Range Rover Velar R-Dynamic HSE
Price, base / as tested: Dh263,235 / Dh420,000
Engine: 3.0-litre supercharged V6
Power 375hp @ 6,500rpm
Torque: 450Nm @ 3,500rpm
Transmission: Eight-speed automatic
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Essentials
The flights
Whether you trek after mountain gorillas in Rwanda, Uganda or the Congo, the most convenient international airport is in Rwanda’s capital city, Kigali. There are direct flights from Dubai a couple of days a week with RwandAir. Otherwise, an indirect route is available via Nairobi with Kenya Airways. Flydubai flies to Kinshasa in the Democratic Republic of Congo, via Entebbe in Uganda. Expect to pay from US$350 (Dh1,286) return, including taxes.
The tours
Superb ape-watching tours that take in all three gorilla countries mentioned above are run by Natural World Safaris. In September, the company will be operating a unique Ugandan ape safari guided by well-known primatologist Ben Garrod.
In the Democratic Republic of Congo, local operator Kivu Travel can organise pretty much any kind of safari throughout the Virunga National Park and elsewhere in eastern Congo.
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Rating: 4/5
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DIVINE%20INTERVENTOIN
Mohammed bin Zayed Majlis
Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae
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Full name: Aisha Abdulqader Saeed
Age: 34
Emirate: Dubai
Favourite quote: "No one has ever become poor by giving"
Stamp duty timeline
December 2014: Former UK finance minister George Osbourne reforms stamp duty, replacing the slab system with a blended rate scheme, with the top rate increasing to 12 per cent from 10 per cent:
Up to £125,000 - 0%; £125,000 to £250,000 – 2%; £250,000 to £925,000 – 5%; £925,000 to £1.5m: 10%; Over £1.5m – 12%
April 2016: New 3% surcharge applied to any buy-to-let properties or additional homes purchased.
July 2020: Rishi Sunak unveils SDLT holiday, with no tax to pay on the first £500,000, with buyers saving up to £15,000.
March 2021: Mr Sunak decides the fate of SDLT holiday at his March 3 budget, with expectations he will extend the perk unti June.
April 2021: 2% SDLT surcharge added to property transactions made by overseas buyers.
PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
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Mohammed bin Zayed Majlis
Mohammed bin Zayed Majlis
Sting & Shaggy
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Family: He is the youngest of five brothers, of whom two are dentists.
Celebrities he worked on: Fabio Canavaro, Lojain Omran, RedOne, Saber Al Rabai.
Where he works: Liberty Dental Clinic
The five pillars of Islam
1.
2.
3.
4.
5.
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