Deal to establish LNG and LPG terminal hubs at Khalifa Port
In a major step toward strengthening the United Arab Emirates’ position as a global energy hub, AD Ports Group and Nimex Terminals, have signed two long-term agreements that will position Khalifa Port into a leading trading hub for low-carbon energy and petrochemical logistics.
The agreements include the development of the UAE’s first private sector Liquefied Natural Gas (LNG) and Liquified Petroleum Gas (LPG) terminal hubs, which can accommodate large, long-haul gas carriers.
Together, these two facilities will expand Khalifa Port’s capabilities to meet the evolving demand of international energy trade, while supporting the UAE’s Net Zero 2050 strategy. The deal, based on the projected 50-year multiple revenue streams from the two terminal hubs, is valued at over AED 30bn (over US$ 8bn).
Sustainable future
“Through our partnership with Nimex Terminals, we will equip Khalifa Port, one of the world’s fastest growing ports, with lower-impact fuel infrastructure that advances our commitment to a more sustainable future for the global ports and shipping industries,” stated Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group.
Both gas facilities will benefit from Khalifa Port’s state-of-the-art maritime infrastructure and multimodal connectivity via sea, land, air, and rail, as well as its proximity to Khalifa Economic Zones–Abu Dhabi (KEZAD), the Group’s integrated system of economic cities and free zones.
Infrastructure investments
“The LNG and LPG infrastructure investments we have agreed upon, will further enhance the attractiveness of one of the world’s fastest growing container ports,’’ commented Azmat Mahmood, Executive Chairman, Nimex Terminals.
The LNG terminal, spanning an area of 130,000qm will feature cryogenic storage facilities with a total capacity of 400,000cbm. The LPG facility, occupying 90,000sqm, will ultimately offer a total capacity of 280,000cbm. Both terminals will serve as hubs for import, export, and transshipment operations, primarily catering to the growing demand from Asian markets.
