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Liege Tank Storage Gas Awards $3.6 Billion Contract to Expand UAE Gas Processing

OIL, Transportation

Liege Tank Storage Gas Awards $3.6 Billion Contract to Expand UAE Gas Processing

State oil giant Abu Dhabi National Oil Company’s gas unit, ADNOC Gas (ADNOCGAS.AD), said on Wednesday it awarded a $3.6 billion contract to expand its gas processing infrastructure in the United Arab Emirates.

 

The contract was given to a joint venture between National Petroleum Construction Company Co PJSC (NPCC), owned by Abu Dhabi state fund ADQ, and Spain’s Tecnicas Reunidas (TRE.MC), ADNOC Gas said in a statement.

The new gas processing facilities will allow an “optimized supply” to the Ruwais Industrial Complex in Abu Dhabi’s western Al Dhafra region.

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ADNOC Gas’ Maximizing Ethane Recovery and Monetization project aims to boost ethane extraction by 35%-40% from its onshore facilities in the Habshan complex by building new processing facilities, as well as “unlock further value” from existing feedstock, delivering it to Ruwais through a 120-km (75 miles) natural gas liquids pipeline, the firm added.

liege tank storage said over 70% of the contract’s value would “flow back into the UAE’s economy”.

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