Fujairah, one of the seven Emirate of the UAE is to emerge as a leading Energy Hub.
Fujairah, which has built the largest oil export terminal on the Indian Ocean and has plans for one of the largest LNG regasification plants, is positioned to emerge as a leading global energy hub to service Asia, the United Arab Emirates’ top energy official told a leadership Roundtable at the 4th Gulf Energy Markets Forum.
Port of Fujairah is the only multi-purpose port on the Eastern seaboard of the United Arab Emirates, approximately 70 nautical miles from the Straits of Hormuz. Initial Construction of the Port started in 1978 as part of the economic development of the UAE. Full operations commenced in 1983. Since then the Port has embarked on a continuing process of enhancement to both its facilities and its comprehensive range of functions.
Key Features of Fujairah Port, according to the Dubai-based port operator DP World:
1. Gateway port to the Arabian Gulf / Hub for the Indian Ocean – connecting both North/South & East/west trade lanes
2. Largest Bunkering Terminal in the region
3. Saving 24 hours steaming time into the Gulf – 124 miles
4. Fujairah Port has the strategic position proved attractive to both the range of users of the Multi- purpose Port and the significant numbers of vessels calling at the Fujairah Anchorage for containers, bunkers, supplies and service.
Fujairah, the UAE’s only emirate located on the Indian Ocean, has established itself as a leading bunkering and storage center over the past decade, a position the emirate is now building on by expanding along the energy value chain, with refining, petrochemical and liquefied natural gas (LNG) regasification facilities to be added. The combined initiatives under way in Fujairah will add further to the emirate’s aspirations of becoming a more diversified center for the global energy industry.
“The position of Fujairah from the perspective of the projects that are still to come is that it’s going to be a centre of gravity for energy, not only for the UAE but also for the region. The infrastructure that Fujairah has today and will have in the future makes it a major city and a major destination for the energy sector,” UAE Minister of Energy Suhail Mohammed Al Mazrouei said during the forum, which was held for the first time in Fujairah on Sept. 23 under the theme ‘Energy Paradigm Shifting – Sector in Transformation’.
Fujairah is also the landing point for the Habshan-Fujairah crude oil pipeline, which provides Abu Dhabi with an export outlet on the Arabian Sea coast, thus cutting down travel times for tankers that would otherwise have to sail through the narrow and busy Strait of Hormuz to load their cargo. More importantly, the arrival of as many as 1.5 million barrels per day of crude oil in Fujairah has enabled the emirate to develop the local energy value chain by building storage and blending facilities, with refining and petrochemical projects in the planning phases. In addition, Fujairah is home to one of the country’s largest power and water desalination plants, which receives natural gas feedstock via the Dolphin pipeline linking Qatar and the UAE.
The emirate’s future project and infrastructure build out will not only enhance Fujairah’s position as a global energy hub at a time when long-term energy demand is set to rise, but also add significant economic value to the UAE as a whole.
The Government of Fujairah was the Title Partner of the 4th Gulf Intelligence Energy Markets Forum, while energy information provider Platts, and energy and commodity trading company Vitol Group were the event’s Premier Partners. The forum was held under the Patronage of His Highness Sheikh Hamad Bin Mohammed Al-Sharqi, Supreme Council Member and Ruler of Fujairah.
The forum was also attended by industry leaders including Dr. Seyed Mohammad Hossein Adeli, Secretary General of the GECF told the 4th Gulf Intelligence Energy Markekts Forum; Azerbaijan’s Minister for Industry & Energy Natig Aliyev; Dr. Faouzi Bensarsa, Senior Energy Adviser at the European Commission’s Directorate General for Development & Cooperation; Saeed Khoory, CEO of ENOC; Dr. Ali Akbar Safaei, Managing Director and Board Member of National Iranian Tanker Company (NITC); and Dr. Salem Abdo Khalil, Technical Advisor, Government of Fujairah.