UAE's Shah gas project 40-50 percent cheaper than expected | Business | Reuters

Contracts for the UAE's $10 billion Shah gas project were 40-50 percent cheaper than expected, the chief executive of the Abu Dhabi Gas Development Company (ADGDC) said on Monday, after economic crisis made firms cut prices.

So far, contracts worth $5.6 billion have been awarded.

The plant would process about 1 billion cubic feet per day (cfd) of raw gas, of which around 540 million cfd of gas would flow into the UAE's grid.