AD Ports Signs Agreements With Nimex Terminals To Establish LNG And LPG Terminal Hubs

About this update from Abu Dhabi Ports Company Pjsc

ABU DHABI PORTS COMPANY ADX:ADPORTS:SIGNS LANDMARK AGREEMENTS WITH NIMEX TERMINALSDEAL VALUED AT OVER AED 30 BILLIONAGREEMENTS INCLUDE THE DEVELOPMENT OF THE UAE’S FIRST PRIVATE-SECTOR LNG AND LPG TERMINAL HUBSTWO FACILITIES WILL BE DEVELOPED IN PHASES OVER A 5-YEAR PERIODUNDER AGREEMENTS, AD PORTS COMMITTED TO INVEST UP TO AED 1.3 BILLION TO DEVELOP THE REQUIRED INFRASTRUCTURE (PRIMARILY DREDGING AND DEVELOPMENT OF JETTIES)NIMEX TERMINALS WILL INVEST UP TO AED 2.6 BILLION IN ADVANCED LNG AND LPG STORAGE TANKS AND OTHER SUPERSTRUCTURE CONSTRUCTION

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