DUBAI: Sharjah National Oil Corporation (SNOC) will meet the entirety of the emirate’s gas demand amid its growing power needs.
Under an agreement signed with the Sharjah Electricity and Water Authority (SEWA), the SNOC said it will supply gas through its resources and imports from Abu Dhabi National Oil Company (ADNOC), with which it signed a 10-year supply agreement in July.
Sheikh Sultan bin Ahmed Al Qasimi, Deputy Ruler of Sharjah, said in the statement that SNOC has been “entrusted to make sure that SEWA always has the right quantity of gas that it needs to keep the lights on in Sharjah, as well as maintain the supply of water”.
“I am confident that, with our people in SNOC and the cooperation of SEWA and ADNOC, we shall meet our obligation in the smoothest possible manner,” he said.
In 2019 SNOC and ADNOC signed an interim contract to close the gas supply gap with SEWA. This contract was later fortified with a 10-year gas supply agreement, which started in July 2021, local media reports said.
Sharjah has also begun to develop its own resources of gas to meet the growing demand for fuel for power generation.
Earlier this year, Snoc and Italian company Eni began developing the Mahani gasfield, which was found last year and has significant gas deposits.
SNOC to meet Sharjah’s gas needs amid rising power demand
- In 2019 SNOC and ADNOC signed an interim contract to close the gas supply gap with SEWA.
- Sharjah has also begun to develop its own resources of gas.
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