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Abu Dhabi's GASCO Receives LNG Storage Vessel

Source: Emirates News Agency 8/8/2016, Location: Middle East

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Abu Dhabi Gas Industries Limited (GASCO), an ADNOC operating company, has taken delivery of its first Floating Storage and Regasification Unit (FSRU) from Excelerate Energy, a leader in floating LNG regasification solutions.

The FSRU will enhance GASCO’s capabilities to supply gas throughout its UAE network, adding 500 million standard cubic feet of gas per day to the grid – enough to power a city the size of Fujairah for a day.

The FSRU is a key component in ADNOC’s integrated gas master plan designed to provide the gas necessary to meet Abu Dhabi’s 2030 development goals.

Dr. Saif Sultan Al Nasseri, CEO of GASCO, said, "Without a doubt, meeting Abu Dhabi’s growing demand for gas is a critical objective and is high on our priorities. The FSRU will enable local gas diversification and puts ADNOC in a stronger position to meet today’s energy requirements and forecast demand in the future."

As part of its integrated gas master plan, ADNOC is pursuing a variety of solutions across its portfolio, to ensure future gas supply for its own operations and for Abu Dhabi. The gas master plan links every part of the gas value chain to ensure greater efficiency and performance.

The FSRU, which has already collected its first LNG cargo, is moored at Ruwais, one of the most modern oil and gas complexes in the Middle East, located 240 kilometres west of Abu Dhabi.

FSRUs are, in all aspects, similar to a land-based terminal. In addition to transporting LNG, FSRUs have the on-board capability to vaporise LNG and deliver natural gas through specially designed offshore and near-shore receiving facilities. As a dockside, or offshore, regasification facility FSRUs require less land use than a land-based terminal, minimising environmental impacts to the surrounding environment.

GASCO is a joint venture between ADNOC, which holds a majority 68 percent share, and Shell (15 percent), TOTAL (15 percent) and Partex (2 percent).

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Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

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