UAE to start LNG exports to India at end of 2001
Abu Dhabi Gas Liquefaction Company Ltd. (Adgas) is to start gas exports to India from the end of 2001 for a 20-year period, the company's general manager said in an interview released on Tuesday.
"We shall start exporting LNG (liquefied natural gas) to Dabhol Power Company of India at an annual contractual rate of 480,000 tones, for a 20-year period," Rashid Saif al-Jarwan told the company's in-house magazine.
Jarwan said an agreement had been signed with the US company Enron, which owns a majority stake in Dabhol Power.
Oman, a neighbor of the United Arab Emirates, has an agreement with Enron to supply 1.6 million tones of LNG a year for 20 years, also starting in late 2001, for a power station in Dabhol, western India.—AFP.
©--Agence France Presse.
© 2000 Mena Report (www.menareport.com)