The Economic Intelligence Unit (EIU) has reported that agreement is imminent on pricing and other technical issues for the $10 billion Dolphin gas pipeline project, which will carry natural gas from Qatar to Abu Dhabi, Dubai, Oman and, eventually, Pakistan.
According to the EIU, a clear sign that progress was being made was when the joint venture company responsible for implementing of the project, Dolphin Energy Limited, opened an office in Doha. This followed an announcement by Qatar's energy minister that agreement on gas pricing would be reached within weeks.
According to EIU, while certain of the issues still remain to be resolved, a deal is likely to be concluded. This is because Qatar has enormous reserves of high-quality gas and is keen to develop its resource and the UAE is facing a gas supply shortage that threatens its economy.
Demand for natural gas in the UAE is estimated to be growing by 10 percent per year. Potential users for the new pipeline include Abu Dhabi Water and Electricity Authority and the Dubai Electricity and Water Authority. – (Albawaba-MEBG)
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