Dana Gas press release - Crescent Petroleum v NIOC GSPC Arbitration - 28 September 2021
Country
Year
2021
Summary
Dana Gas (PJSC) wishes to update the market with respect to its interest in the UAE Gas Project, which was to process, transport and market gas that was contracted to have been delivered by NIOC to Crescent Petroleum under the 25-year Gas Sales and Purchase Contract (GSPC) which was due to have commenced operations in December 2005, but for which the gas was never delivered by NIOC.