Business | Oil & Gas
Emarat and Dana join hands to operate pipeline
Dana Gas and Emirates General Petroleum Corporation (Emarat) have agreed to form a joint venture to own, manage and operate the Middle East's first common user gas pipeline in the UAE.
- Staff Report
- Published: 01:04 March 1, 2008
Dubai: Dana Gas and Emirates General Petroleum Corporation (Emarat) have agreed to form a joint venture to own, manage and operate the Middle East's first common user gas pipeline in the UAE.
The pipeline will be completed this month.
Dana Gas and Emarat each have a 50 per cent stake in the construction, ownership and operation of the pipeline.
Phase one of the project was completed in May 2006 and has since been delivering gas to the Sharjah Electricity and Water Authority (Sewa) power station at Hamriyah.
End users
Dana Gas and Emarat, along with the three end-users Federal Electricity and Water Authority (Fewa), Sewa, and Dana Gas affiliate Crescent Natural Gas Company Limited, signed a memorandum of understanding (MoU) for the implementation and utilisation of the pipeline in January 2006.
The main pipeline of the joint Hamriyah Gas Pipeline Project is a 48-inch gas pipeline that connects the Sharjah gas hub at Sajaa to the fast-growing industrial area at Hamriyah, and covers a distance of 32 kilometres, with a capacity of one billion cubic feet per day.
Soon after its completion in March this year, the 48-inch pipeline will deliver gas supplies to the three end-users, Sharjah-based Dana Gas said in a statement.
"This project is a prime example of the solutions that can be achieved through the cooperation of government and private sector entities," said Rashid Al Jarwan, general manager of Dana Gas.
"The strategic partnership between the two companies for this project in the UAE has been very positive and has laid the groundwork for future projects throughout the region. We see this joint venture agreement as an opportunity to build upon for future cooperation, thereby improving the services to the end users of this vital pipeline," he added.
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