Business | Oil & Gas
Adnoc to double domestic gas supply by 2009
State-owned Abu Dhabi National Oil Company (Adnoc) aims to almost double domestic gas supplies in 2009, a senior official said on Tuesday.
- Reuters
- Published: 00:53 February 20, 2008
Abu Dhabi: State-owned Abu Dhabi National Oil Company (Adnoc) aims to almost double domestic gas supplies in 2009, a senior official said on Tuesday.
Adnoc plans to pump 3.6 billion cubic feet per day (cfd) to the national grid in 2009, up from current domestic gas sales of around two billion cfd, said Esmail Al Ramahi, manager of Adnoc's gas processing division.
We are developing lots of projects to meet the phenomenal growth for gas in Abu Dhabi," he told reporters on the sidelines of an energy conference.
Gas demand had grown by around 10 per cent per year on average in the UA E over the last 34 years, Ramahi said.
He said Adnoc would soon issue a tender for companies to undertake an integrated gas development project that would eventually process one billion cfd of gas.
Meanwhile, a tight construction market has delayed a project to build a $2 billion liquefied natural gas storage facility in the Gulf region by at least a year, an executive said. "It may be pushed back by at least a year," LNG Impel Managing Director Ed Elrahal said.
"There are a lot of variables that have yet to be finalised and it depends on the condition of the market. The construction market is tight and conditions are affecting the cost."
The initial schedule for the plant was to begin construction in early 2008 for completion of the first phase in 2011.
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