The total value of natural gas projects expected to be implemented in the UAE in the pre-implementation stage is estimated at US $ 6.8 billion (about AED 25 billion), according to data from the MEED Research Center.
The volume of projects in the Middle East and North Africa (MENA) region is about $ 25.4 billion ($ 93.3 billion), of which projects worth $ 21.2 billion (about 77.8 billion dirhams) are expected to be awarded in 2020, the report said.
The report said that there are future projects that will sign contracts in 2019 worth 4.2 billion dollars, of which 1.2 billion dollars to build a floating station for «storage and re-diversification» LNG on the Lebanese coast, and a project worth 800 million dollars (2.94 billion dirhams) to establish a natural gas reception unit In Sharjah, pointing out that both projects in the stage of «evaluation of the tender».
Other future projects in the UAE include, according to the report, the third and fourth stages of the development of the Hail and Ghasha fields by Abu Dhabi National Oil Company (ADNOC). Phase III is expected to reach $ 2 billion (AED 7.34 billion) (AED 3.67 billion).
The development of the Dalma gas platform and pipelines in the offshore area in the northwest of the Emirate of Abu Dhabi is expected to be worth $ 1 billion (AED 3.67 billion) and the development of the Shah gas field by launching the second phase of the gas plant worth $ 2 billion ($ 7.34 billion) AED).
The volume of natural gas projects currently being implemented in the Middle East and North Africa region is 62.5 billion dollars (about 229.5 billion dirhams) and is expected to pump investments of 186 billion dollars in gas projects between 2019 and 2023.