While in 2017 public reports indicated that both sides were showing a readiness to reignite the project, there is currently no confirmation that the dispute has been resolved and gas will be received. Phase III followed in 2016, a massive 800MW of PV and another record-breaking tariff; this was followed in 2017 by Phase IV, a 700MW CSP project, the largest single-site CSP project in the world. In November 2018, ADNOC announced a USD1.4 billion investment to upgrade and expand the Bu Hasa field with the aim of increasing crude oil production capacity to 650,000 barrels per day.The offshore concession was due to expire at the end of 2041; however, it was announced in November 2017 that this concession has been extended by a decade to 2051. As part of the National Agenda in line with the UAE’s Vision 2010, one of the 12 key performance indicators is to increase non-oil real GDP growth.Natural gas plays a key role in the UAE’s energy mix. In March 2018, Eni was awarded a 10 per cent interest in ADNOC’s Umm Shaif and Nasr concession and a 5 per cent interest in the Lower Zakum concession. The UAE also exports a large amount of gas, notwithstanding its reliance on imports to meet its domestic needs.In November 2018, Abu Dhabi’s Supreme Petroleum Council approved ADNOC’s new integrated gas strategy and plans to increase its oil production capacity to 4 million barrels per day at the end of 2020 and 5 million barrels per day by 2030. Article 247(1) of the Civil Procedure Code provides that “public property owned by the state or one of the emirates” may not be seized for the purposes of enforcement. In November 2018, it was announced that ADNOC has agreed, in principle, to extend to 2040 a gas supply agreement with ADNOC LNG commencing April 2019, replacing the previous agreement which expired in March 2019.During 2018, the UAE exported 7.4 billion cubic metres of LNG, 6.8 billion cubic metres of which was delivered to Japan under a long-term contract between ADNOC LNG and JERA Co Inc (a combination of Tokyo Electric Power Company, TEPCO and Chubu Electric Power Group). Historically, ADNOC has sold the majority of its LNG to Japanese customers, through ADNOC LNG.ADNOC LNG operates an LNG plant on Abu Dhabi’s Das Island, which has been operating since 1977. The concession area continues to cover the integrated asset groups of Bab, Bu Hasa, South East (Sahil, Asab, Shah, Qusahwira, Mender) and Northeast Bab (Al Dabb’iya, Rumaitha, Shanayel). Indeed, while the dispute affected plans for linking the Iran-UAE pipeline to Oman, there are reportedly plans to build a direct Iran-Oman gas pipeline.The Sharjah Western Offshore Concession is located off the Sharjah coastline and includes the Zora Gas Field, which straddles Sharjah and Ajman and is being developed by Dana Gas. Hse 28 28 Rotation Offshore Safety Officer Jobs - Check Out Latest Hse 28 28 Rotation Offshore Safety Officer Job Vacancies For Freshers And Experienced With Eligibility, Salary, Experience, And Location. Access is organised at emirate level and is linked to the rights granted by the relevant emirate for constructing any pipeline or associated infrastructure.The natural gas distribution systems are currently owned and operated by a number of parties under different operational protocols.Fees charged for accessing the distribution network are a matter of contract between the parties.There are no specific restrictions or limitations in relation to acquiring an interest in a gas utility or the transfer of assets forming part of the distribution network. The same announcement gives ADNOC permission to remove destination restrictions on Murban crude sales. Processing gas from Abu Dhabi’s onshore and offshore fields, ADNOC Gas Processing produces a range of products, including methane, ethane, propane, butane, paraffinic naphtha, condensates and sulphur. More recently, though, in 2014 the Dubai Court of Cassation held that the New York Convention had the force of law in the UAE and that the Courts of Dubai should apply the provisions of the New York Convention to the execution of foreign arbitration awards.Significantly, given the key importance of Abu Dhabi in the oil and natural gas sector, in 2013 the Abu Dhabi Court of Cassation reversed a decision of the Abu Dhabi Court of Appeal and enforced an ICC/Paris award, establishing a number of key principles consistent with the New York Convention. The company is owned by ADNOC and Occidental Petroleum (with ADNOC holding a 60 per cent majority share).The Shah Gas Field Project began gas production in January 2015 and involves the development of high sulphur content reservoirs within the Shah Gas Field, located onshore, southwest of the city of Abu Dhabi.
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