Sharjah's 'significant' gas discovery to boost emirate's economy | ZAWYA MENA Edition:
Sharjah, the third-largest emirate of the Unites Arab Emirates, is set to see positive domestic energy and economic development with its new gas discovery.
The Northern emirate announced a successful new discovery of natural gas and condensate onshore earlier this week, with flow rates of up to 50 million standard cubic feet per day.
“That is considered a significant flow of a new discovery well,” Cyril Widdershoven, global energy markets expert and founder of consultancy Verocy told Zawya.
Sharjah National Oil Corporation (SNOC) and its Italian partner ENI both hold a 50 percent stake in the discovery as part of a concession agreement signed early last year. It is considered the first onshore gas discovery in the emirate in 37 years.
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