Middle East Economic Survey

VOL. XLIX

No 1/2

2/9-January-2006

UAE

Dana Gas/Emarat Sign Natural Gas Pipeline Accord

Privately-owned Dana Gas and state-owned Emirates General Petroleum Corporation (Emarat), through the latters United Gas Transmissions Company subsidiary, on 3 January signed a Dh670mn ($182mn) agreement to jointly build, own and operate a 30km/48in natural gas pipeline linking the Saja'a gas hub in Sharjah with the Hamriyah Free Zone. The new venture is owned on a 50:50 basis. The...