POLY-GCL – Djibouti LNG Terminal Development – Djibouti - Project Profile

POLY-GCL – Djibouti LNG Terminal Development – Djibouti - Project Profile

  • March 2018 •
  • 7 pages •
  • Report ID: 4881865
Synopsis
"POLY-GCL – Djibouti LNG Terminal Development – Djibouti - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "POLY-GCL – Djibouti LNG Terminal Development – Djibouti - Project Profile" is part of Timetric’s database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary
POLY-GCL Petroleum Group Holdings Limited (POLY-GCL), founded by China POLY Group and GCL Group is undertaking the development of an LNG terminal at Damerjog near the Djibouti city in Djibouti.

The project involves the construction of a LNG terminal with an annual processing capacity of 10 million tonnes (4 Million Cubic Meters per Annum) of LNG, 830km oil and gas pipeline from Calub and Hilala gas fields in Ogaden basin to Djibouti port, LNG liquefaction plant, a marine terminal, export facilities, storage facilities, access roads, parking facilities and related facilities.

The project will be developed in phases. The LNG productivity of phase one is expected to reach 3 million tonnes per year, with a byproduct condensate oil production of 0.3 million tonnes per year.

In 2013, POLY-GCL acquired rights to two development blocks in the Ogaden Basin of Ethiopia, an area of 1,226 km2 having oil and gas reserves and eight exploration blocks covering an area of some 116,000 km2. As a part of the oil and export facilities to China, the POLY-GCL initiated this project.

On January 8, 2014, Poly-GCL entered a memorandum of understanding (MoU) with Governments of Djibouti for the development of the project.

On November 15, 2014, entered a cooperation framework agreement with Governments of Djibouti for the project development.

On February 7, 2015, the governments of Ethiopia and Djibouti signed a framework agreement for a cross-border pipeline between the two countries as well as a joint operating agreement for the pipeline with the company.

An in-house construction division of Poly-GCL undertaking the construction.

On March 3, 2016, construction activities commenced and are underway with completion scheduled by 2019.

Scope
The project involves the construction of an LNG facility with an annual processing capacity of 10 million tonnes of LNG near Djibouti City, Djibouti.

The US$4,000 million project includes the following:
1. Construction of an LNG liquefaction plant
2. Construction of an 830km oil and gas pipeline
3. Construction of a marine terminal
4. Construction of loading and unloading facilities
5. Construction of storage facilities
6. Construction of access roads
7. Construction of related facilities

Reasons To Buy
• Gain insight into the project.
• Monitor the latest project developments.
• Identify key project contacts.
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Country=Djibouti Industry=NaturalGasProcessing ParentIndustry=HeavyIndustry Date=201803 Topic=Trade Publisher=Timetric Price=1000