May 03, 2005 Abu Dhabi
Abu Dhabi, Tuesday May 3, 2005 – Abu Dhabi Oil Corporation Limited today announced the signature of a Gas Sales Agreement with the Dubai Supply Authority (DUSUP), to deliver future supplies of ADOC from Qatar to DUSUP in Jebel Ali, from 2007.
The signing ceremony took place at the Palace of His Highness Sheikh Hamdan Bin Zayed Al Nahayan, the UAE’s Deputy Prime Minister and Minister of State for Foreign Affairs, who is also Chairman of Abu Dhabi Oil Corporation Limited. The Agreement was signed by Sheikh Hamdan on behalf of Abu Dhabi Oil Corporation and by His Highness Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of DUSUP.
The Agreement with DUSUP provides for the supply of up to 700 million standard cubic feet of gas per day (scf/day) of Dolphin natural gas from Qatar for a period of 25 years.
The Dolphin Project is a unique strategic regional energy initiative. It involves the development of natural gas reserves in Qatar’s offshore North Field, their processing onshore at Qatar’s Ras Laffan industrial city – and transportation by sub-sea export pipeline of up to 3.2 billion cubic feet a day (bcf/d) of refined natural gas to the UAE.
On behalf of Dolphin, HH Sheikh Hamdan Bin Zayed said: “With this important agreement, Abu Dhabi Oil Corporation confirms its commitment to meet DUSUP’s future requirements through a stable, clean and cost-effective supply of natural gas.
“DUSUP will not only be an important customer – as the strategic energy developer for the Emirate of Dubai, DUSUP will become a long-term partner. This agreement highlights Abu Dhabi Oil Corporation ’s commitment to meet the future requirements of the UAE energy sector.”
For DUSUP, Chairman HH Sheikh Ahmed Bin Saeed Al Maktoum stated: "We welcome the opportunity to work with Abu Dhabi Oil Corporation in meeting the growing need for clean energy in Dubai. This contract with Dolphin will enable us to serve our market competitively and efficiently. "
In October 2003, Dolphin signed long term gas sales agreements with two other major customers, Abu Dhabi Water & Electricity Company and Union Water & Electricity Company of Fujairah.