AD Ports + Nixem partner to set up AED 30 bn terminal hub: AD Ports Group has inked two long-term agreements with Nixem Terminals to develop LNG and LPG terminal hubs at Khalifa Port, according to a statement. The project is valued at over AED 30 bn based on projected 50-year multiple revenue streams from the two terminal hubs.

These would be the UAE’s first private-sector LNG and LPG terminal hubs accommodating large, long-haul gas carriers. The move aims to bolster Khalifa Port’s capacity to address growing demand from the international energy trade, specifically rising demand from Asia.

The plan: AD Ports Group will invest up to AED 1.3 bn to develop the required infrastructure, including dredging and the establishment of jetties. Nimex Terminals will plug up to AED 2.6 bn into setting up advanced LNG and LPG storage tanks, as well as,other superstructure construction, which features regasification facilities, pipelines, loading arms, flare structures, and firefighting systems.

What else we know: The LNG terminal — spanning some 130k sqm — will include cryogenic storage facilities with a total capacity of 400k cm. The LPG terminal, covering some 90k sqm, will host a total capacity of 280k cm. Both terminals will operate as a center for import, export, and transshipment services.

Initial operations are slated to launch by mid-2028. Steady-state operations are scheduled to be sorted by 2031 for the LNG terminal, whereas the LPG terminal is expected to kick off full operations by 2033.

REMEMBER- LNG demand is projected to rise by 50% by 2040 — fueled by a 4x surge in data center power demand, a growing global aviation fleet, and a 30% increase in jet fuel consumption, Adnoc CEO Sultan Al Jaber said earlier this week.

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