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Dana Expands Egypt Operations, Investments
DUBAI - Dana Gas, Middle East’s first private sector regional natural gas company, announced its intention to expand its gas operations and investments in Egypt’s growing natural gas industry.
The company is associated with a leading conference for the natural gas industry in Egypt, INTERGAS V, which is being held from May 12 to 14, 2009 in Cairo.
Recognised as the largest energy trade show for the Egyptian natural gas industry, INTERGAS V is attended by leading international energy companies. The opening ceremony featured remarks by Egyptian Minister of Petroleum Sameh Fahmy and Azerbaijan’s Minister for Industry and Energy Natik Aliyev and a keynote speech by Dr Hany El Sharkawi, President Dana Gas Egypt.
“Dana Gas is proud to be a major gas producer in Egypt, and is firmly committed to expanding its operations and investments in the growing Egyptian natural gas sector,” said Ahmed AlArbeed, Chief Executive Officer. “Through wise leadership and good energy policies, Egypt has doubled its natural gas reserves in the last five years to over 70 trillion cubic feet, and now produces more gas than oil and is already among the world’s top ten exporters of LNG.” AlArbeed added.
Dana Gas is currently the 6th highest gas producer in Egypt.
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