You need the latest version of the Abode Flash plugin to view this site.
Companyasas
Dolphin Energy To Sell Natural Gas To Ras Al Khaimah From 2005
Dolphin Energy Limited announced today that it will sell natural gas to the Emirate of Ras Al Khaimah from March 2005.
The gas will be delivered to the RAK Gas Commission via a tie-in, near Qidfa in Fujairah, with the existing Emarat gas pipeline network, which serves the UAE's Northern Emirates. A quantity of about 40 million cubic feet will be supplied daily, for a period of two years and five months through to end of July 2007.
The Gas Sales Agreement was signed this morning by His Highness Sheikh Saud Bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of the Emirate of Ras Al Khaimah on behalf of the Ras Al Khaimah Gas Commission and by Dolphin's CEO, Ahmed Ali Al Sayegh.
For the Ras Al Khaimah Gas Commission, His Highness Sheikh Saud commented: "The Commission welcomes its new relationship with Dolphin Energy, and looks forward to building on this association with Dolphin. This exciting initiative will help fuel future industries in Ras Al Khaimah."
Commenting on the Gas Sales Agreement, Mr Al Sayegh said: "Dolphin is delighted to have established this working relationship with Ras Al Khaimah, and to be supplying natural gas to the Emirate for the first time.
"We hope to gain a sound understanding of Ras Al Khaimah's requirements and to establish a basis for future supply expansion."
Dolphin is able to supply gas to Ras Al Khaimah, further to the company's signature of a Gas Sales & Purchase Agreement (GSPA) with Oman Oil Company in February 2003.
Dolphin Energy Limited
Dolphin Energy Limited was created to develop substantial energy projects throughout the GCC. Its objective is to create long-term economic wealth and new business opportunities for GCC citizens, far into the future. Dolphin Energy’s major strategic initiative, the Dolphin Project, involves the production and processing of natural gas from Qatar’s North Field, and transportation of the dry gas by sub-sea pipeline across joint UAE-Qatari waters to the UAE, beginning in 2006.
Dolphin Energy’s first initiative, the Al Ain to Fujairah Pipeline, came on stream in January 2004.The pipeline supplies the Fujairah Water and Power Plant on the UAE’s East Coast – initially with natural gas from Oman, and subsequently with Dolphin gas from Qatar. In May 2005, Dolphin began to supply natural gas to the UAE Emirate of Ras Al Khaimah. The gas is being delivered via a tie-in near Qidfa between Dolphin’s Al Ain - Fujairah pipeline and the existing Emarat gas pipeline network.
Dolphin Energy is owned 51 percent by Mubadala Development Company, on behalf of the Government of Abu Dhabi – and 24.5 percent each by Total of France and Occidental Petroleum of the USA.
Detailed information about Dolphin Energy can be found on www.dolphinenergy.com
For further information contact:
Mirna Hijazi
Corporate Communications Manager
Tel +971 2 6995500
Fax +971 2 6995578