{"id":80471,"date":"2024-08-20T00:00:00","date_gmt":"2024-08-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/20\/jordans-adc-inks-usd-125-mn-agreement-to-upgrade-sheikh-sabah-al-ahmad-lng-terminal\/"},"modified":"2024-08-20T00:00:00","modified_gmt":"2024-08-20T00:00:00","slug":"jordans-adc-inks-usd-125-mn-agreement-to-upgrade-sheikh-sabah-al-ahmad-lng-terminal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/20\/jordans-adc-inks-usd-125-mn-agreement-to-upgrade-sheikh-sabah-al-ahmad-lng-terminal\/","title":{"rendered":"Jordan\u2019s ADC inks USD 125 mn agreement to upgrade Sheikh Sabah Al Ahmad LNG terminal"},"content":{"rendered":"

Aqaba\u2019s Sheikh Sabah Al Ahmad LNG terminal getting a revamp: <\/strong>Jordan\u2019s central development arm Aqaba Development Corporation (ADC) signed a USD 125 mn agreement with a consortium of international firms to develop Aqaba\u2019s Sheikh Sabah Al Ahmad LNG terminal, Jordan News Agency<\/a> reported yesterday. The upgrade comes under a plan to ensure the country\u2019s energy supply in case of supply disruptions.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background as well as external sources.)<\/p>\n

What we know: <\/strong>The agreement will see the construction of a beach conversion unit and several upgrades to the existing natural gas terminal. The project, which is set to be completed within 22 months, will also involve developing facilities capable of converting up to 700 mn cubic feet of LNG per day, which will then be pumped from the terminal into the Arab Gas pipeline, which feeds power generation stations across Jordan.<\/p>\n

Who are the players? <\/strong>In addition to ADC, Jordan\u2019s Energy and Mineral Resources Ministry, Planning and International Cooperation Ministry, and the National Electric Power Company all have seats at the table. The Kuwait Fund for Arab Economic Development is providing partial project funding through a soft loan.<\/p>\n

About the terminal: <\/strong>Established in 2015 by ADC, Sheikh Sabah Al Ahmad Al Jaber Al Sabah is home to a floating storage and regasification unit<\/a> with a 170 kg per cubic meter total capacity of LNG and on-shore facilities. <\/p>\n

ADC has been busy: <\/strong>ADC and Aqaba Container Terminal signed an agreement<\/a> in April to jointly manage and operate the inaugural hazardous materials yard within the Aqaba Special Economic Zone. ADC also inked a shareholder agreement earlier this year<\/a> granting Maqta Gateway a majority 51% stake in the entities\u2019 JV company, Maqta Ayla, which looks to integrate Maqta Gateway\u2019s Port Community System at Aqaba Port. <\/p>\n","protected":false},"excerpt":{"rendered":"

The project is slated to be completed within 22 months<\/p>\n","protected":false},"author":1,"featured_media":80472,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41],"tags":[39,227,37,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-jordan","tag-lng","tag-ports","tag-trade","wpautop","entry"],"acf":{"mongo_id":"025e5d7b-d2d2-498c-aefb-4258514c8169","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1679.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Jordan\u2019s ADC inks USD 125 mn agreement to upgrade Sheikh Sabah Al Ahmad LNG terminal","related_issue":[80463],"teaser":"The project is slated to be completed within 22 months","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.2641c50d-20af-440e-9a25-dba4fb3fdfd6.mp3"},"yoast_head":"\nJordan\u2019s ADC inks USD 125 mn agreement to upgrade Sheikh Sabah Al Ahmad LNG terminal - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/20\/jordans-adc-inks-usd-125-mn-agreement-to-upgrade-sheikh-sabah-al-ahmad-lng-terminal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jordan\u2019s ADC inks USD 125 mn agreement to upgrade Sheikh Sabah Al Ahmad LNG terminal\" \/>\n<meta property=\"og:description\" content=\"The 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