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Dana Gas plans expansion of its operations in Egypt

The company is sponsoring the leading conference for the natural gas industry in Egypt, Intergas IV, which is being held from May 15-17 2007 at the Cairo International Convention and Exhibition Centre.

Dana Gas is participating in the conference and exhibition and hosted the lunch on the opening day following the inauguration, attended by Sameh Fahmy, Egyptian Minister of Petroleum, Mohammed bin Dha'en Al Hamili, UAE Minister of Energy, and Shaikh Ali Al Jarah Al Sabah, Kuwaiti Minister of Oil.

"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 Rashid Saif Al Jarwan, General Manager of Dana Gas, speaking at the Intergas IV Conference in Cairo. "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."

Recognised as the largest energy trade show for the Egyptian natural gas industry, Intergas IV is attended by the leading international energy companies and expects more than 800 delegates with an interest in Egypt's oil, gas, and petrochemicals sectors. There are currently 64 companies active in Egypt's oil and gas sector.

Dana Gas, listed on the Abu Dhabi Stock Market, is currently the 6th highest gas producer in Egypt, and the 9th highest oil and gas producer in terms of barrels of oil equivalent (boe), through the activities of its exploration and production division, Centurion Energy.