Sharjah National Oil Company and Uniper sign MoU to...

-- Under the auspices of Sharjah Petroleum Council (SPC), Sharjah National Oil Corporation (SNOC) and Uniper SE today have signed a Memorandum of Understanding (MoU) targeting the importation of Liquefied Natural Gas (LNG) into the Port of Hamriyah in the Emirate of Sharjah in the UAE.

First gas deliveries should arrive into Sharjah in the spring of 2018. Gas will flow to the Sajaa gas field complex and then into the existing pipeline network throughout the Northern Emirates. The natural gas will be marketed to existing gas consumers in the region and new business seeking a reliable long term supply of energy.

Sheikh Sultan Bin Ahmed Al Qasimi, Sharjah Petroleum Council, Deputy Chairman and Sharjah National Oil Corporation President commented We highly value this project which will add to the supply of gas in Sharjah and Northern Emirates to meet the growing demand for energy. The combination of SNOC and Uniper efforts with all their capabilities and experience in natural gas activities will achieve the planned targets .

Hatem Al Mosa, CEO of SNOC and Secretary General of Sharjah Petroleum Council SPC-- commented, We recognise the urgent need of the Northern Emirates for a reliable supply of natural gas that can be easily distributed to support large and small consumers, from the big power generators to small businesses. The Sajaa complex has traditionally been the centre of the gas supply business in the Northern Emirates and it is well placed to continue supporting the region

Klaus Sch fer, CEO of Uniper S.E -- commented, We are grateful that SPC and SNOC have selected Uniper S.E to support the Emirate of Sharjah in their quest for uninterruptable supplies of natural gas. Uniper has over 50 years of experience, through its legacy companies, in delivering sustainable competitively priced energy to customers.

John Roper, Managing Director & Head of Middle East for Uniper Global Commodities S.E -- commented: We are proud to support the Emirate of Sharjah and the United Arab Emirates in securing a robust long term energy solution through the import of LNG. Uniper is well placed to assist SNOC in developing the Port of Hamriyah to receive LNG cargoes and to obtain supplies of energy from global LNG markets. This serves as an example of our long term commitment to the region's energy needs.

SNOC is the National Oil Corporation of the Emirate of Sharjah incorporated by Amiri Degree to own, explore, develop, and operate the existing gas fields including all associated plant and pipelines.

SNOC is authorized to conduct business in the area of oil and gas at home and abroad. That includes forming Subsidiaries / Joint Venture to pursue Oil and Gas project. SNOC owns the designated loading jetty at Hamriyah port and associated pipelines which will be used for LNG import.

Uniper is a leading international energy company with operations in more than 40 countries and around 13,000 employees. Uniper's business is to provide a reliable supply of energy and related services. Its headquarters are in D sseldorf, Germany. The Company owns and manages a portfolio of power plants located across Europe and Russia, as well as focuses on commodity trading business, such as power, emission certificates, natural gas, liquefied natural gas, coal and freight. Uniper also owns and operates power and gas storage assets and facilities. It has considerable expertise in the global LNG markets and in gas storage solutions.

---ENDS---

LINK:	http://www.sharjahmedia.ae/en/media-centre/news/11/10/2016/sharjah-nat...
	See more stories from sharjah

Most recent headlines