Middle East Economic Survey


No 23


Dolphin Makes Headway But Economic Currents May Rock Further GCC Gas Integration

The foundation stone-laying ceremony for the landmark $3.5bn Dolphin project was a significant way-point in the ambitious plan to supply Qatari gas to the UAE and Oman. But it has not all been smooth sailing since project conception in early 1998, with progress often delayed by the hesitancy of buyers in agreeing fiscal terms. Such delays, combined with ongoing...