Membership of the organization comes as the company has been expanding its scope of activities in the gas business across the region, including in gas processing, LNG terminal development and exploration and production activities.
The IGU is a worldwide non-profit organization founded in 1931, with the objective of promoting the technical and economic progress of the global natural gas industry. The 97 members of IGU are companies and institutions from 67 countries across all continents, including regional companies ADGAS, Saudi Aramco, Qatargas and Oman LNG, and international energy companies including BP, Shell, Total, Chevron & ConocoPhilips.
'This is an important and symbolic step for Dana Gas for several reasons,' said Rashid Saif Al-Jarwan, General Manager of Dana Gas. 'Through joining a world-renowned and far reaching organization such as the IGU, we have opened a door to a formidable network of associates from across the world. In addition our joining symbolizes the international aspirations of the company, while providing the basis for potential alliances and cooperation with other gas companies worldwide.'
IGU's working organisation covers all domains of the gas industry from exploration and production of natural gas on- or offshore, pipeline and piped distribution systems to customers' premises and combustion of the gas at the point of use. The organization has grown in prominence, with worldwide reliance on natural gas in the past 10 years increasing exponentially. The Middle East region alone has seen a growth of 5.9% per annum, a rise driven primarily by rapid urbanization and a growing industrial sector.
Dana Gas joins the International Gas Union
Dana Gas, the Middle East's first regional private-sector natural gas company, has joined the International Gas Union (IGU).
- United Arab Emirates: Wednesday, December 13 - 2006 at 14:38
- PRESS RELEASE
Notes and media contacts
About Dana GasDanaGas (PJSC) is the first regional private-sector natural gas company in the Arabian Gulf Region, established in late 2005 with over 300 reputable founder shareholders from across the Gulf Cooperation Council (GCC) region, and some 425,000 investors from over 100 nationalities worldwide who submitted applications of over US$78 billion over ten days in the company's regional IPO in late 2005. Headquartered in Sharjah in the UAE and with offices opening throughout the region and its shares listed on the Abu Dhabi Stock Market (ADSM), Dana Gas with its subsidiaries and affiliates hold substantial assets in the transportation by pipeline, processing, and marketing of natural gas within the UAE, and aims to play a major role in the rapidly-growing natural gas business throughout the Middle East North Africa (MENA) Region across the entire gas value chain. In addition to its current projects, Dana Gas will be expanding into all elements of the natural gas value-chain, including upstream exploration and production; through the midstream transmission and distribution of gas including LNG trading; and downstream into gas-related industries and petrochemicals.
For further Information
Please contact Maryam Kablawi, SAHARA Media Consultants on 0097150-4779923
Posted by Anne-Birte Stensgaard, Senior News EditorWednesday, December 13 - 2006 at 14:38 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This Article was updated on Tuesday, May 01 - 2007
Index : Company News : Dana Gas
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