Crescent Petroleum has been instrumental in establishing Dana Gas PJSC which is the first major private sector natural gas resource enterprise to be established in the Gulf Region. Dana Gas is engaged in the business of the ownership, transportation, processing, distribution, marketing and sale of natural gas and petroleum related products, including the development of gas related projects and services. It is a publicly-traded company listed at the Abu Dhabi Stock Market (ADSM), with a very wide shareholding from the countries of the Gulf Cooperation Council (GCC) and from many other countries. Dana Gas has around 425,000 investors from over 100 nationalities worldwide. Crescent Petroleum owns circa 21% of Dana Gas. The Founders of the company comprise over 300 reputable names from across the GCC region, including financial institutions, government investment arms, members of ruling families, family business groups and established companies.

The formation of Dana Gas PJSC and its subsidiaries SajGas and UGTC was initiated by Crescent Petroleum, which played the key pivotal role in project conceptualization, formation, governmental and regulatory approvals, financial structuring, construction management and other related areas. A key success was the initial public offering, which was tremendously successful with applications from over 100 nationalities and attraction of US$ 80 billion in under two weeks, setting a world record of IPO over- subscription. Dana Gas PJSC was incorporated in the Emirate of Sharjah, United Arab Emirates as a Public Joint Stock Company on 20 November 2005, with a share capital of AED 6 billion, pursuant to incorporation decree issued by the Ministry of Economy and Planning.

With its head quarters in Sharjah in the U.A.E., Dana Gas is strategically placed to play a key role in the regional gas business. The company aims to add value to the region’s economies in the natural gas sector by utilising its unique combination of technical and commercial skills and its financial strength, as well as its private sector status and strong regional relationships.

Dana Gas currently owns a major 600MMscfd gas sweetening and sulphur production plant, and a major onshore and offshore gas pipeline system with a capacity of 1000MMscfd, through its wholly owned subsidiaries, SajGas and UGTC respectively. Additionally, the company’s gas marketing affiliate CNGC holds long-term gas off-take agreements with state electricity and water authorities, and with major industrial concerns in the UAE.

Dana Gas is currently expanding its business interests in the gas sector throughout the region, including into upstream exploration and production, and downstream into gas-related industries, and is building important strategic alliances and partnerships at both the regional and international level.