Bids have been submitted for the engineering, procurement and construction (EPC) contract for Dolphin Energys Northern Emirates Pipeline project, according to an industry source.
The Abu Dhabi-based Dolphin Energy operates the gas pipeline between Qatar and the UAE, and is planning for a Northern Emirates Pipeline to cover the additional demand for natural gas in the Northern Emirates of Sharjah and Ras al Khaimah.
The following companies have submitted bids for the contract:
- Larsen & Toubro
- Punj Lloyd
Italys Saipem prequalified for the project but declined to submit a bid.
The new pipeline will be connected to the existing pipeline in the north of Al Ain and will run for 70 km through the Emirate of Sharjah to a connection point at a plant of the Sharjah National Oil Company (SNOC).
In July, amid the ongoing Qatar-GCC dispute, Dolphin Energy was downgraded by the rating agency Moodys.
Moodys said diplomatic divisions will erode inter-governmental cooperation between Qatar and the UAE decreasing the strategic importance of the gas import pipeline to the government of Abu Dhabi.
The rating agency downgraded Dolphin Energy to A2 from A1.