NMDC Energy bags $1bn deal for subsea gas pipeline off Taiwan

UAE’s NMDC Energy has secured a $1.1bn EPC contract to build a 111 km subsea gas pipeline offshore Taiwan for the Tung-Hsiao renewable power plant, encompassing pipeline construction, shore approach works, and dredging operations. The company aims to expand its presence in Taiwan, focusing on renewable energy initiatives and energy resilience, following its successful global expansion and IPO listing on the Abu Dhabi Stock Exchange, raising $880m. NMDC Energy’s CEO Yasser Zaghloul emphasized the strategic importance of Taiwan as a market with substantial potential for sustainable energy projects.

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