RasGas has agreed to sell Korea Gas Corp (Kogas) an additional 2mn tonnes a year of liquefied natural gas (LNG) for the next 20 years.

Gasco (Abu Dhabi Gas Industries) awarded Samsung Engineering a contract for a nitrogen gas injection (NGI) plant worth US$160mn.

Kuwait and Saudi Arabia are pushing ahead with plans to develop the undisputed part of the offshore Dorra gas field with the front-end engineering and design (FEED) work expected to be completed by June, industry sources said.

Dana Gas had a very strong 2011 and posted net profits of US$137.4mn, an increase of 220 per cent over US$43mn in 2010, reflecting growing production and higher oil prices last year.