A top official said the emirate of Abu Dhabi is taking the lion's share of this investment package with USD 25 billion.
With this, the UAE ranks first in the Gulf Cooperation Council (GCC) region where the value of oil and gas projects between 2010-14 totals USD 75 billion, according to Mohammed Sahoo Al Suwaidi, CEO of Abu Dhabi Gas Industries Ltd (GASCO).
Al-Suwaidi was quoted by UAE's official news agency Wam as saying that the Habshan-Fujairah pipeline to export Abu Dhabi's oil to the world bypassing the Strait of Hormuz will be operational on the end of the current month.
The UAE is the world's third biggest oil exporter.
"The construction of the pipeline has been completed and the construction of some of its facilities is being finalised in the meantime," he said.
Al-Suwaidi also announced plans by the government of Abu Dhabi to build an LNG (liquefied natural gas) bunker station in Fujairah to meet 15 per cent of the UAE's increasing demand on gas as a result of industrial expansion.
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The new station will be built by an alliance between the International Petroleum Investment Company (IPIC) and Mubadala.
Through these projects, Abu Dhabi seeks to provide gas supplied to Khalifa Industrial Zone Abu Dhabi (Kizad) and Industrial City of Abu Dhabi (ICAD) as well as to cities in the northern regions.
Al-Suwaidi said that between 75-80 per cent of the current domestic demand on gas is met by the Abu Dhabi National Oil Company (ADNOC) through its operating companies as the remaining 20 per cent is provided by Dolphin Energy Limited from the Qatari Ash-shamal Field.
The Habshan-Fujairah pipeline, owned by an investment arm of the government of Abu Dhabi, to secure flow of crude oil from Abu Dhabi to the world.