News
  • Register

June 22, 2017 - Contax Partners’ Energy Feed

SNOC & Uniper plan to set up Sharjah LNG Import Terminal | Aramco interested to buy stake in Indian 60MMTPA Refinery Complex | Engie to buy 40% stake in Tabreed from Mubadala

 

SNOC & Uniper plan to set up Sharjah LNG Import Terminal

Sharjah LNG Import Terminal by SNOC/UniperSharjah National Oil Corporation (SNOC) and Uniper plan to begin importing LNG to Sharjah via a joint venture company starting early 2019. Both companies signed an MoU to import LNG into the Emirate’s Hamriyah Port. Additionally, SNOC signed a deal with SEWA for a full gas sales agreement targeting the supply of natural gas for power generation in Sharjah. SNOC's CEO, Hatem Al Mosa, and Uniper's Global Commodities' Managing Director & Head of Middle East, John Roper, commented by saying the JV is set to organize the import of liquefied natural gas into the Hamriyah port and supply natural gas to the three power stations operated by SEWA. The import terminal will have a capacity of 3-4 million tons of LNG per annum (mmtpa) and a send out capacity in the range of 500 to 1,000 million standard cubic feet per day (MMscfd). Furthermore, SNOC plans to develop the project in phases, with a target start date of the first phase in 2021. Currently, SNOC is carrying out a gas storage pilot test using existing infrastructure to optimize the final project design.

 

Aramco interested to buy stake in Indian 60MMTPA Refinery Complex

KSA interested in Indian refineryThree Indian oil majors – Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation – are planning to build one of the world's largest integrated refinery petrochemicals complexes in the Ratnagiri district of Maharashtra state in India. The JV agreement is for the c.USD 40bn West Coast Refinery Project which will have a capacity of 60 million metric tonnes per annum (MMTPA) and is expected to be commissioned by 2022. It will be a green refinery which will comprise of 50 units designed to operate at the highest level of efficiency, and will be self-sufficient in power and utilities requirements. Moreover, the refinery is planned to have in-built flexibility for processing a wide spectrum of light and heavy crude oil grades, utilizing various blending techniques. The preliminary configuration study of the project is being carried out by Engineers India in association with an international consultant. Additionally, IHS is carrying out the market study for the chemicals and petrochemicals to be produced at the complex.

 

Engie to buy 40% stake in Tabreed from Mubadala

Mubadala sells its stakeFrance's Engie SA has agreed to buy a 40% stake in Dubai's National Central Cooling Company PJSC (Tabreed) for c.USD 762mn from Abu Dhabi's state investor Mubadala Investment Co. Engie will become Tabreed's second-biggest shareholder after Mubadala, which will retain a 42% stake. Engie is a major player in highly efficient cooling networks, that are typically 50% more energy efficient than individual cooling solutions and generate 50% less CO2. While Engie operates more than 250 low-carbon urban heating and cooling networks in 13 countries, with this new partnership, it expects to lead a rapid growth in emerging markets like India, Egypt and Turkey.

 

 

LET US HELP YOU SUCCEED IN THE ENERGY MARKET!

 

Contax Partners assists project owners, contractors and suppliers to maximize opportunities associated with these projects, guide them on the underlying risks related to execution and the effects of increasing project workload.

Request for more information
OUR LOCATIONS

Bahrain

Office 241, 19th Floor

Platinum Tower- Seef

 P.O. Box 31005, Manama

Bahrain

Tel: +973 (1) 7224456

Fax: +973 (1) 7212204

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.  

Dubai

Office 3106, Jumeirah Business Centre 3

Cluster Y, Jumeirah Lakes Towers

P.O. Box 643554, Dubai

United Arab Emirates

Tel: +971 (4) 3695520

Fax: +971 (4) 3695521

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Abu Dhabi

Office No. 5/Unit-3A, 2nd Floor

Sh. Saeed Al Nahyan Building,

Al Falah Street, Location No. C-48-E18_02

P.O. Box 2503, Abu Dhabi

United Arab Emirates

Tel: +971 (2) 6222966

Fax: +971 (2) 6222977

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Since our establishment in 1985, Contax Partners has been the advisor of choice for companies operating within the constantly evolving Middle East and Africa energy sector. Having operated in the energy market for over 30 years, we have a track record of empowering our clients to win business. Contax Partners is well placed to understand the challenges, and what impact these can have on your growth plans for the Middle East and Africa. 

UAE Oil and Gas Consulting Firm Company Download Brochure