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Sun 2 Nov 2008 02:22 PM

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Dolphin Energy begins gas supply to Oman

UAE-based firm begins supply of Qatari gas to Oman in what CEO says is 'historic moment'.

The United Arab Emirates' Dolphin Energy began the regular supply of Qatari gas to Oman on Friday, Dolphin said in a statement.

Dolphin signed a 25-year contract with Oman Oil Co. to pump 200 million cubic feet per day of gas to Oman in September 2005.

"This is a historic moment for Dolphin Energy - it is equally significant for three nations who have embraced and supported the Dolphin Gas Project from the very beginning," said Ahmed Ali Al-Sayegh, Dolphin's chief executive.

"Now Dolphin, in it's turn, can contribute to Oman's own future economic growth."

The gas from Qatar is produced at Dolphin Energy's Ras Laffan gas processing plant.

The gas is then compressed and pumped through an export pipeline to Abu Dhabi's receiving terminals before being re-distributed to customers.

The $4.8 billion Dolphin project linking Qatar's giant North Field with the United Arab Emirates and Oman was the first cross-border gas project in the Gulf Arab region. It pumps around 2 billion cubic feet per day to the UAE.

Abu Dhabi-owned Mubadala Development Co. owns 51 percent of Dolphin while France's Total and US Occidental each have a 24.5 percent stake. (Reuters)

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