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Aqaba – October 11, 2025

Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh, visited today (Saturday) the Liquefied Natural Gas (LNG) Terminal Development Project—known as Sheikh Sabah Al-Ahmad LNG Terminal—in Aqaba. The project is considered a strategic initiative to enhance the Kingdom’s energy supply security.

During the visit, Al-Kharabsheh held a meeting with the project’s contractor, consultant, and Project Director Eng. Omar Al-Bdour from the Aqaba Development Corporation (ADC), in the presence of National Electric Power Company (NEPCO) Director General Eng. Sufyan Al-Batayneh, Logistics Company Director Eng. Ashraf Al-Rawashdeh, and Director of the Oil and Gas Directorate at the Ministry, Eng. Iman Awad.

The minister was briefed on the latest updates and progress of the project, in addition to discussing the challenges and obstacles affecting its implementation.

The project aims to maintain the option of importing LNG to generate electricity and supply industries, as a strategic alternative to ensure continuity of supply in case any of the current supply sources are disrupted. It also contributes to reducing electricity generation costs.

The project is being implemented by the Aqaba Development Corporation, in cooperation with the Ministry of Energy and Mineral Resources and NEPCO. It includes the development of an Onshore Regasification Unit (ORU) with a capacity of up to 700 million cubic feet per day, and the replacement of the existing Floating Storage and Regasification Unit (FSRU) with a new Floating Storage Unit (FSU).

The project is financed through two concessional loans: the first from the Kuwait Fund for Arab Economic Development amounting to 18.2 million Kuwaiti Dinars, and the second from the Arab Fund for Economic and Social Development amounting to 21 million Kuwaiti Dinars.

The implementation contract for the ORU has been awarded to The Joint Venture of AGP International Holdings Pte Ltd, Gas Entec Co. Ltd, and Issa Haddadin & Partner, with a total value of USD 125 million. The project is scheduled to be completed within 22 months from the commencement date and is expected to become operational in September 2026.

It is noteworthy that on September 5, 2024, a 10-year lease agreement for the FSU was signed between NEPCO and BW LNG Limited, ending with ownership transfer at the conclusion of the contract term.