The Emirate has had to rely on an expensive, unpredictable commodities market, which means SEWA has been selling power for less than its cost of production,” Al Mosa said. “But that is changing as the deal between SNOC, Uniper and SEWA will ensure Sharjah has a guaranteed gas supply at attractive prices. This is a major milestone in SNOC’s growth story and indeed, Sharjah and the UAE.
Gas storage is the next stage in SNOC’s evolution. SNOC owns the ideal size reservoir for such a project, which is located close to its gas complex. The LNG import project will provide the required volumes to start this, which allows storing excess gas in the winter for its production in summer to satisfy the summer peak demand. It also provides a readily available strategic reserve to respond to unexpected operational or market problems. Requiring significant capital investment for the project, SNOC is planning a phased project with the first tranche potentially starting in 2021. a Pilot studies to test existing infrastructure are being carried out to optimize the final project design.
As the UAE’s gas demand continues to swell, SNOC’s leadership will ensure that the company is a collaborative and flexible partner. The days of crisscrossing desert tracks may have been replaced by modern technology, but the entrepreneurial and determined spirit that sparked Sharjah’s energy industry is still alive and well.
Exploration & Production
The Concession Agreement was signed between the Emirate of Sharjah and Amoco Oil Company…
Processing & Exporting
Hydrocarbons from the 3 fields flow into a wellhead compression package that boost pressures sufficient to transport...
Storage and Loading
One Condensate Terminal, constructed in 1981 in Hamriyah, Sharjah with two tanks each with capacity of 500,000 bbl...