In Sharjah, a 40-mn-dollar gas storage facility

To manage internal production after Emirati deposits discovered

30 March, 15:11

    (ANSAmed) - NAPLES, MARCH 30 - The Sharjah National Oil Corporation (SNOC) has awarded a 40-million-dollar project to build a gas storage facility at the Moveyid field, said Gulf News. It said the facility will be built by Petrofac Facilities Management International in the Sharjah emirate of the United Arab Emirates.

    The facility will be the UAE's second large gas facility of this type, following the one in Dubai, and completion is expected in 2021.

    The project aims at self-sufficiency for the emirate in production and management of gas supply for the internal market.

    "The whole idea of a gas storage project came from managing the huge seasonal variations in gas demand," said Hatem Al Mosa, CEO of SNOC.

    "A storage facility would stabilise this," he said.

    The project features a high-pressure compressor facility, a high-pressure pipeline, and flow lines to four existing wells in the area. "The project will allow us to store excess gas in the winter to satisfy peak summer demand," Mosa said. "It will also provide a readily available strategic reserve to respond to unexpected issues," he said.

    The project was initially planned in 2003 for storing imported liquified natural gas, but the recent discovery of gas deposits in the Sharjah emirate changed plans, which are now devoted to internal production.

    SNOC and Italian oil and gas giant ENI announced the discovery of a large gas deposit in the emirate at the start of the year.(ANSAmed).

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