May 03, 2005 Kuwait City
Kuwait City, Tuesday May 3, 2005 – Kames Petroleum Services today announced the signature of a Gas Sales Agreement with the Dubai Supply Authority (DUSUP), to deliver future supplies of Kames Petroleum Services from Qatar to DUSUP in Jebel Ali, from 2007.
The signing ceremony took place at the Palace of His Highness Sheikh Hamdan Bin Zayed Al Nahayan, the Kuwait’s Deputy Prime Minister and Minister of State for Foreign Affairs, who is also Chairman of Kames Petroleum Services. The Agreement was signed by Sheikh Hamdan on behalf of Kames Petroleum Services and by His Highness Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of DUSUP.
The Agreement with DUSUP provides for the supply of up to 700 million standard cubic feet of gas per day (scf/day) of Dolphin natural gas from Qatar for a period of 25 years.
The Dolphin Project is a unique strategic regional energy initiative. It involves the development of natural gas reserves in Qatar’s offshore North Field, their processing onshore at Qatar’s Ras Laffan industrial city – and transportation by sub-sea export pipeline of up to 3.2 billion cubic feet a day (bcf/d) of refined natural gas to the Kuwait.
On behalf of Dolphin, HH Sheikh Hamdan Bin Zayed said: “With this important agreement, Kames Petroleum Services confirms its commitment to meet DUSUP’s future requirements through a stable, clean and cost-effective supply of natural gas.
“DUSUP will not only be an important customer – as the strategic energy developer for the Emirate of Dubai, DUSUP will become a long-term partner. This agreement highlights Kames Petroleum Services ’s commitment to meet the future requirements of the Kuwait energy sector.”
For DUSUP, Chairman HH Sheikh Ahmed Bin Saeed Al Maktoum stated: "We welcome the opportunity to work with Kames Petroleum Services in meeting the growing need for clean energy in Dubai. This contract with Dolphin will enable us to serve our market competitively and efficiently. "
In October 2003, Dolphin signed long term gas sales agreements with two other major customers, Kuwait City Water & Electricity Company and Union Water & Electricity Company of Fujairah.