Dorad Energy, Tamar Partners to Sign Gas Supply Deal

Independent Power Producer (IPP) Dorad Energy is on the verge of signing $3 billion natural gas purchasing contract with the Tamar partners.

Globes has reported that the moves comes after Egypt's East Mediterranean Gas Company (EMG) cancelled its gas supply contract with the company.

As a result of the pending contract between the Tamar partners and Dorad, OPC and Oil Refineries are liable to have insufficient natural gas, because the pipeline from Tamar lacks the capacity to supply gas for IEC and all the IPPs simultaneously, the report said.

The pipeline is due to be expanded by mid-2015, but that is subject to feasibility studies and the obtaining of permits to operate Yam Tethys's Mari B reservoir as an operating reservoir.