Dana Gas and Crescent Petroleum Sign Gas Sales Agreements

27 Jan Dana Gas and Crescent Petroleum Sign Gas Sales Agreements

(Oilandgaspress) -] Dana Gas PJSC, the Middle East’s leading publicly listed regional natural gas company, and Crescent Petroleum, the oldest private oil & gas company in the Middle East, together with their partners in the Pearl Petroleum Consortium have announced a series of long-term Gas Sales Agreements (GSAs) to supply substantial volumes of clean-burning natural gas from the Chemchemal field to major industrial consumers in the Kurdistan Region of Iraq (KRI).
Under the agreements, industrial customers in cement and steel will collectively purchase up to
142 million standard cubic feet per day (MMscf/d) of gas for a period of 10 years, beginning in
the second half of 2027 when production from the Chemchemal field is scheduled to commence.

The Chemchemal field, is currently under development and new pipelines are to be built by private-sector companies to supply gas to industrial users in Erbil and Bazian, including a dedicated 40-kilometer pipeline linking the Chemchemal field directly to industrial consumers in the Bazian area. The GSAs were signed with Mass Cement, Bazian Cement, Delta Cement, Gasin Cement, and Sulaimani Cement, all located in the Bazian industrial area of Sulaymaniyah province, as well as with Van Steel Company in Erbil governorate in the KRI.

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