Qatar Petroleum and Dolphin Ltd. Sign New Long-Term Gas Deal

Doha, October 05 (QNA) - Under the patronage and in the presence of HE the Prime Minister and Minister of the Interior Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani, Qatar Petroleum (QP) and Dolphin Energy Limited (Dolphin) entered into a new long term gas sale and purchase agreement (SPA), under which QP will deliver additional quantities of gas to Dolphin for export to the UAE through the existing subsea pipeline. A statement released today to the press by QP said that the agreement was reached and signed in the framework of the brotherly relations and cooperation between the State of Qatar and the United Arab Emirates, and in line with the goals set by the wise leaderships of both countries to expand areas of cooperation and pursue of mutually beneficial opportunities between them in all fields, especially in the field of energy. Minister of State in the United Arab Emirates, and Chief Executive Officer of Abu Dhabi National Oil Company (ADNOC). Dr. Sultan Bin Ahmed Al Jaber attended the signing ceremony. The SPA was signed today in Doha by President and CEO of QP Saad Sherida Al-Kaabi on the Qatari side and on the Emirati side by Managing Director of Dolphin Ahmed Ali Al Sayegh. The Supply of the additional gas quantities under this new agreement will be allocated to SEWA and RAKGAS LLC using the existing UAE Eastern Gas Distribution Network. Al-Kaabi described the agreement as another important achievement for the first cross-border gas pipeline project in the Middle East demonstrating Qatars continued commitment to regional energy cooperation. "This agreement reinforces confidence in Qatar as a reliable regional and international supplier of gas as a clean energy source," Al-Kaabi added. He stressed that QP remains committed to meeting the UAEs rising demand for gas. "QPs support of the flagship Dolphin Gas Project has been instrumental in meeting the gas requirements of our brothers in the United Arab Emirates, and this new agreement is another strong testament to our commitment in this regard." Mr. Al-Kaabi concluded. For his part, Al Sayegh said: "These developments help support the UAEs development and transition to a low carbon economy and demonstrate our continued commitment to enhance energy security for the UAE by offering a source of reliable, clean energy for power generation." He added that the success of the Dolphin Gas Project was, in part, driven by the company's ability to meet the needs of its customers. As their requirements have changed, Dolphin responded accordingly and worked closely with QP, Dolphin's strategic partner, to make the change possible. "This agreement also illustrates the strong bond we share with our brothers in Qatar and I would like to take this opportunity to thank QP whose continuous support has helped create a new chapter in our successful history. This is a proud day for us all," Al Sayegh concluded. (QNA)