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Company Profile:
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Dana Gas PJSC is the first regional private sector natural gas resource enterprise established in the Gulf. It holds assets and contractual entitlements to the largest private sector integrated natural gas supply chain in the Gulf. In addition to commencing the operation of its existing assets, Dana Gas plans to expand its business by pursuing natural gas opportunities throughout the Gulf as well as the wider MENA region.
This unique petroleum sector initiative, which principally focuses on natural gas resource assets and operations, heralds a number of significant attractions, including:
Booming demand for natural gas is evident both globally and regionally. Domestic demand for natural gas in Gulf countries has increased by 92% in the last ten years, and is forecast to reach an aggregate figure of approximately 300 bcm in 2010, and 440 bcm by 2015.
Existing assets and contractual entitlements across the gas value chain from long-term resource supply contracts to transmission, processing and long-term marketing and off-take agreements with various UAE Federal and State-owned utilities and other large industrial natural gas consumers. These will render Dana Gas immediately pre-qualified to undertake major projects in the regional gas sector.
Strong industry and management expertise benefiting from almost 35 years of technical and commercial oil and gas resource and related industry experience of Crescent Petroleum in the Gulf and the wider MENA region, combined with strong relationships with regional Governments. Crescent provides senior members of the Dana Gas management, and technical assistance to Dana Gas benefits from Crescent’s proven track record in the regional petroleum business with successful operations, ventures and major projects completed and under development, in addition to the sector-related experience of Founders in the Company.
Prominent regional and sector-experienced Founders, offering a strong backbone of support and high level of credibility to the initiative. Dana Gas shareholders comprise an impressive array of individual and institutional investors from across the Gulf.
Significant regional expansion planned through identified opportunities for acquisition and investment in the early years of operations, across the Gulf’s booming gas sector. It is intended that activities will be further expanded ‘upstream’ to include exploration and production, and ‘downstream’ into gas-utilizing industries and petrochemical projects.
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