Abu Dhabi National Oil Company (ADNOC) and Dolphin Energy Limited signed a long term agreement for Dolphin to lease and operate ADNOC’s Eastern Gas Distribution System (EGDS). This well-established pipeline network will be managed by Dolphin Energy for 25 years.

The Lease Agreement signed at ADNOC’s Headquarters on 16th June 2008 by
H.E. Yousef Omair Bin Yousef, Secretary General of Abu Dhabi’s Supreme Petroleum Council and CEO of ADNOC, and Dolphin Energy CEO H.E. Ahmed Ali Al Sayegh, gives Dolphin the right to manage ADNOC’s well-established network for 25 years.

The EGDS is currently used to supply gas to ADNOC’s customers in Abu Dhabi and Dubai and will be leased by Dolphin to deliver the company’s processed gas from Qatar to customers across the UAE, and shortly Oman. The Lease Agreement replaces a temporary Access and interim transportation agreements with ADNOC.
 
The EGDS Lease Agreement also specifies a direct swap and transportation arrangement:  ADNOC will provide gas to Dolphin’s customers on behalf of Dolphin and vise versa. 

In a statement after the singing, H.E. Yousef Omeir Bin Yousef said: “ADNOC, as the pioneering oil and gas producer in Abu Dhabi, is pleased to have established a long term yet flexible agreement with Dolphin Energy; one that will be of direct benefit to our customers and to consumers.”

For his part, Mr. Al Sayegh said: “We are grateful to both ADNOC and GASCO for their support at every stage of Dolphin’s involvement with the EGDS. This Lease Agreement now enables Dolphin to directly manage every link in its value chain, from gas production offshore Qatar through processing, transport via subsea pipeline and overland distribution.”