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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.





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