Sharjah24: Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah; Chairman of the Oil Council and Chairman of the Sharjah National Oil Corporation, commended the new contract between Sharjah National Oil Corporation (SNOC) and Sharjah Electricity and Water Authority (SEWA).
This came as the two parties announced a contract for the supply of gas by the Sharjah Oil Corporation to the Sharjah Electricity and Water Authority “SEWA” to meet the emirate's increasing energy needs, praising the efforts of the work teams on both sides to reach the optimal contract, as well as the cooperation of the Abu Dhabi National Oil Company "ADNOC."
Sheikh Sultan bin Ahmed bin Sultan Al Qasimi stated, "This contract is important to the Sharjah National Oil Corporation because of the significant role it will play in energy provision, energy generation and water supply.”
“I am confident in the ability of the work teams at the Sharjah National Oil Corporation, and they will meet their commitments efficiently with the collaboration of the Sharjah Electricity and Water Authority and the Abu Dhabi National Oil Company," Sheikh Sultan bin Ahmed stated
SNOC has committed to supplying nearly all of Sharjah's gas demands as of July 1, 2021, in accordance with contracts previously signed between the Sharjah National Oil Corporation “SNOC” and the Sharjah Electricity, Water and Gas Authority "SEWA".
To meet its commitments, SNOC relies on gas generated on own fields as well as gas imported from the Abu Dhabi National Oil Company “ADNOC” under a 10-year supply arrangement that began in July 2021.
The Sharjah Electricity, Water and Gas Authority “SEWA” Chairman, Saeed Sultan Al Suwaidi, welcomed the new service agreement, saying, "In order to secure gas supplies from reliable sources, “SEWA” has worked hard with SNOC to prepare the most realistic demand forecasts for gas, taking into account the timetable for the entry of independent electricity producers for the first time, as well as the potential delays due to the COVID-19 pandemic.
"The great cooperation between “SEWA” and SNOC resulted in a contract with flexible technical and commercial terms," he continued, and “SEWA” will continue to provide unrestricted cooperation and support to guarantee that this arrangement achieves the desired aims."
According to Eng. Hatem Al-Mousa, Executive Director of the Sharjah National Oil Corporation, "SNOC" has been exploring successful alternatives of gas supply in Sharjah since its inception, and it took years of planning and diligent work to get to this point. "I affirm SNOC's great appreciation for the support and cooperation of ADNOC's management and team," he said.
It should be highlighted that in 2019, ADNOC and SNOC inked a temporary arrangement to overcome the gas supply shortfall with “SEWA” . A 10-year gas supply arrangement, which commenced in July 2021, was later added to this contract.
According to recent reports, SNOC's resources, including regular supply from ADNOC, are presently flowing smoothly to “SEWA” in accordance with the conditions of the signed contracts.
September 20, 2021 / 8:27 PM
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