Government owned Sharjah National Oil Corp (SNOC) has launched a new blending and loading complex at the Hamriyah port on the UAE's Persian Gulf coast.
The new complex is expected to start importing LPG to meet domestic demand. It aims to import around 1,500 mt/d of LPG for its new blending plant and trucking facility to meet rising domestic demand in the UAE's northern emirates.
SNOC owns the 700 MMcf/d Sajaa gas plant, Sharjah's largest producing gas development, handling gas from the onshore Sajaa, Moveyeid and Kahaif gas and condensate fields.
Previously, SNOC exported LPG mainly to Japan. However, the term agreement expired at the end of 2016 and it was not renewed. SNOC had done some spot sales, that ended eventually as its LPG production went down to just 150 mt/d.
Besides looking at LPG imports, SNOC is also looking at re-entering the LPG exports markets and eyeing countries that do not have refrigerated LPG facilities, such as Bangladesh.
More about LPG markets in UAE and other regions will be discussed at CMT’s 13th LPG Trade Summit on 23-24 October, 2018 in Istanbul, Turkey.
