Mohamed bin Zayed reviews plans for development of LNG terminal in Gujarat, India

NEW DELHI, 26th January, 2017 (WAM) — His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has reviewed a plan to develop a Liquefied Natural Gas (LNG) terminal in the state of Gujarat in India.

Abu Dhabi s National Marine Dredging Company (NMDC) presented the plan and will undertake the project to develop the terminal.

The presentation was also attended by H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.

Chairman of the National Marine Dredging Company, Mohamed Thani Murshed Al Rumaithi, gave a brief overview of the project, which will be built as per the best international standards of maritime engineering. The total cost is expected to reach US$316 million (AED 1.159 billion).

He stated that the project will be completed in 2019, and the terminal will be designed and built in partnership with Indian company Swan Energy. The Gujarat LNG terminal project is part of the company s strategy to enter the international market by taking on external projects, he added.

His Highness Sheikh Mohamed bin Zayed praised UAE’s national organisations and institutions with an international reputation for investing in projects and initiatives around the world.

The presentation was also attended by Yasser Nassr Zaghloul, NMDC’s Chief Executive Officer, as well as a number of other officials.

WAM/bashir

WAM 2251  2017/01/26

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