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Article: Abu Dhabi Said Considering Gas Import From Qatar As Demand Is Rising Fast.
- Article from:
- APS Review Gas Market Trends
- Article date:
- December 14, 1998
CopyrightCOPYRIGHT 1998 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sources at the state-owned Abu Dhabi National Oil Co. (ADNOC) would not deny or confirm reports that the governments of Abu Dhabi and Qatar have reached agreement for a new UAE company to purchase North Field gas for use in the emirate of Abu Dhabi. Reportedly the gas would be injected into an offshore field in the first phase and, by 2005 or a year later, Abu Dhabi's imports from Qatar would increase considerably.
It is said that the emirate is anticipating the likelihood of a gas shortage in the next decade, despite the fact that Abu Dhabi has about 185 TCF of proven gas reserves. Abu Dhabi's demand for natural gas is projected to rise from about 2,500 MCF/day ...