Media Releases

TAQA completes Europe’s largest third-party-access gas storage facility 31 Mar 2015

TAQA has completed the Gas Storage Bergermeer facility in the Netherlands.

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THE HAGUE, Netherlands - TAQA, the international energy company from Abu Dhabi, has completed its Gas Storage Bergermeer facility in the Netherlands, now the largest third-party access gas storage in Europe. TAQA will start injecting customers’ gas into the reservoir tomorrow at full capacity in preparation for the winter heating season.

"The successful launch of Bergermeer is a demonstration of our renewed and strengthened focus on efficiency and operational excellence,” said His Excellency Saeed Al-Hajeri, Chairman of TAQA. “This state-of-the-art facility is the outcome of the strong and long-lasting partnership between the Netherlands, United Arab Emirates and some of the world’s leading gas companies. Our combined efforts will improve the security of energy supplies for the European people for decades to come."

Operated by TAQA, the underground storage facility provides gas suppliers with the flexibility required to match fluctuations in demand and help improve security of gas supply throughout Europe. With a capacity of 46 terawatt hours (4.1 billion cubic metres), enough to supply 2.5 million Dutch households for a year, Gas Storage Bergermeer doubles the Netherlands' seasonal gas storage capacity.

“Gas Storage Bergermeer represents excellence in the development of large energy infrastructure projects and we are proud we delivered our commitment to complete this project safely, on schedule and within budget,” said Edward LaFehr, Chief Operating Officer of TAQA. “As an active member of the local community we look forward to operating our new, world class gas storage facility safely and reliably for the long term.”

A majority of Bergermeer’s capacity is available according to the EU’s third-party access rules set out in its gas directive. The rules help ensure all market participants access ‎to the storage which helps to increase competition and create a more effective integrated European gas market.

The International Energy Agency, the intergovernmental organisation that coordinates national energy security policies, has commended TAQA for the launch, calling it an important milestone for the creation of the integrated European Energy Union. “The EU is the largest energy importer in the world and the growing dependence on a limited number of gas supply sources is leaving the region vulnerable to supply disruptions,” said Maria van der Hoeven, Executive Director of the International Energy Agency who will inaugurate the facility in Alkmaar tomorrow. “The investment in Gas Storage Bergermeer has helped improve resilience and is an important milestone for the creation of the integrated European Energy Union.”

Located near the city of Alkmaar, Gas Storage Bergermeer consists of the depleted Bergermeer gas reservoir, a gas treatment facility and connecting pipeline network. Construction started in 2012 and took more than 3,000,000 work hours to complete. More than 8,300 people worked on the project which started limited commercial operations in April 2014. TAQA has developed the project together with the Netherlands state-owned oil and gas company EBN.

Gas Storage Bergermeer is fully contracted for the 2015/2016 storage season running from 1 April 2015 to 31 March 2016. TAQA will auction capacity for the 2016 storage season in September 2015. The facility’s launching customers include EDF, Gazprom, Statoil and Vattenfall.

TAQA appoints Ryan Wong as acting CFO 10 Sep 2014
TAQA has appointed Ryan Wong to the position of acting Chief Financial Officer (CFO) effective 1 October.
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Abu Dhabi, United Arab Emirates – TAQA, the Abu Dhabi National Energy Company, has appointed Ryan Wong, currently Group Vice-President Treasury, to the position of acting Chief Financial Officer (CFO) effective 1 October.

Mr. Wong will replace Stephen Kersley, who held the role of CFO since May 2011 and has decided to leave the company effective 1 November 2014.

Ed LaFehr, Chief Operating Officer of TAQA, commented: “Steve led a significant upgrading of TAQA’s financial processes, systems, and treasury operations. We wish him well for the future and thank him for his service over the past years.”

Ryan Wong joined TAQA in 2008 and brings to the role 35 years of financial and treasury experience.

TAQA appoints Saeed Al Dhaheri to Executive Team 6 Sep 2014
TAQA has appointed Saeed Hamad Al Dhaheri to the position of Executive Vice President Human Resources and General Services.
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Abu Dhabi, United Arab Emirates - TAQA, the Abu Dhabi National Energy Company, has appointed Saeed Hamad Al Dhaheri to the position of Executive Vice President Human Resources and General Services.

Mr. Al Dhaheri has more than 12 years of experience from the human resource industry in Abu Dhabi. He joins TAQA from government-owned Abu Dhabi Media Company where he led the human resources, procurement and administration functions. Mr. Al Dhaheri has also served on the Board of Directors of United Printing & Publishing and previously held human resources leadership positions at Etihad Rail  and Abu Dhabi Health Services Company - SEHA.

In June 2014, TAQA initiated a significant restructuring and strategy development process with a focus on enhancing Emiratisation efforts.

Gas Storage Bergermeer starts partial commercial operations 16 Apr 2014
TAQA today announced the start of preliminary commercial operations at its Gas Storage Bergermeer facility in the Netherlands.

The Hague – TAQA, the international energy and water company from Abu Dhabi, today announced the start of preliminary commercial operations at its Gas Storage Bergermeer facility in the Netherlands.

When complete in 2015, Bergermeer will nearly double the Netherlands' capacity and become the largest third party access gas storage facility in Europe. This will significantly contribute to the security of European energy supply and create more efficient gas markets by increasing competition, a key component of the EU Gas Directive.

Jan Willem van Hoogstraten, Managing Director of TAQA in the Netherlands said, “Gas Storage Bergermeer is one of the biggest, independent investments made in the Netherlands at this time. We’re pleased to have achieved this project milestone safely, on schedule and within budget. Every step of the way, we strive to be a good neighbour to the community and to minimise the impact our activities have on the environment. Our next major milestone is to be fully operational in April 2015.”

Compressors are injecting gas into five wells drilled into the previously depleted Bergermeer reservoir. This milestone marks the completion of the first phase of the project. TAQA and EBN, the Dutch state-owned energy company, have together invested EUR 850 million in the project. In exchange for storage capacity, Gazprom supplied the ‘cushion gas’ following a tender organised in cooperation with the Netherlands’ Authority for Consumers & Markets. Cushion gas is needed to pressurise the reservoir, making commercial operations possible.

Jan Dirk Bokhoven, Managing Director of EBN: “This project gives the once depleted Bergermeer gas field a second life. Natural gas is still the backbone of the Netherlands’ energy supply. Over the next decades, natural gas will remain an important source of energy as the Netherlands slowly transitions to a fuel mix that includes more renewable energy. Once fully operational, Gas Storage Bergermeer will be an essential component in the Netherlands’ energy infrastructure, contributing to European security of supply.” 

Construction of Gas Storage Bergermeer started in June 2012. The project consists of an innovative, zero emission gas treatment facility in Alkmaar, 14 new wells in Bergen and eight kilometres of underground pipeline connecting the two locations. It is intended to help energy suppliers store natural gas underground during periods of low demand in the summer and draw it down in the winter, when demand rises.

When fully completed in 2015, Gas Storage Bergermeer will provide 46 terawatt hours (TWh) or 4.1 billion cubic metres (BCM) of gas storage capacity, equivalent to the average annual gas consumption of 2.5 million Dutch households. 

TAQA has sold all of the facility’s long-term capacity and plans to auction the remaining short-term capacity in September 2014. Companies that have already booked capacity include Statoil, EDF, Vattenfall and Gazprom.

- ENDS -

For further information:

The Hague
Marjolein Bijsterveld
Mob +31 6 4609 5683
marjolein.bijsterveld@taqaglobal.com

Abu Dhabi
Allan Virtanen
Mob +971 56 685 2717
allan.virtanen@taqaglobal.com

About TAQA

TAQA, meaning energy in Arabic, is the brand name of Abu Dhabi National Energy Company PJSC. We are an international energy and water company listed in Abu Dhabi operating in 11 countries across four continents.
We strive to be safe and sustainable, and embrace the challenge of delivering affordable and reliable energy and water. We are proud to align our strategy with Abu Dhabi’s Economic Vision 2030, a roadmap for a sustainable economy with a focus on knowledge-based industry.
Our interests lie in conventional and alternative power generation, water desalination, oil and gas exploration and production, pipelines and gas storage. We operate in Canada, Ghana, India, Iraq, Morocco, the Netherlands, Oman, Saudi Arabia, the United Arab Emirates, the United Kingdom and the United States.

For further information about TAQA, please visit: www.taqaglobal.com

For further information about Gas Storage Bergermeer, please visit: www.gasstoragebergermeer.com 

TAQA selects ICE Endex as primary auction platform for short term capacity at Gas Storage Bergermeer 11 Feb 2014
TAQA has selected ICE Endex as its primary auction platform for the annual auction of short term capacity at Gas Storage Bergermeer in 2014.

In September 2014, TAQA will auction the remaining 13TWh storage capacity at Gas Storage Bergermeer for up to three years. Customers will be able to acquire gas storage capacity directly via the ICE Endex auction platform.

TAQA’s has selected ICE Endex as its primary auction platform, in addition to its trading secondary platform, based on ICE Endex’s proven experience in conducting auctions for the gas industry in Europe, coupled with enhanced market surveillance and transparency. These factors will ensure that the Gas Storage Bergermeer 2014 Auction will be executed in line with market standards.

René van der Vegt, Commercial Manager Gas Storage Bergermeer said: “ICE Endex has a proven track record as our secondary trading platform. We are looking forward to building on this success with the selection of ICE Endex as our primary auction platform for the 2014 auction of Gas Storage Bergermeer capacity. TAQA and ICE Endex are equally committed to providing innovative, flexible and transparent services to Dutch Gas market participants. A good example of one of these services is the short re-nomination lead times allowing customers within-day balancing, and ICE Endex further developing the within day market. This allows customers to better manage their positions.”

Wouter de Klein, Commercial Director of ICE Endex said: “We fully share TAQA’s objective to further strengthen the position of the Dutch TTF market as the most liquid gas hub in continental Europe and we are pleased that TAQA has selected ICE Endex as a primary auction provider. ICE’s best-in-class trading technology and physical gas markets expertise will provide a sound platform and optimal support for TAQA’s flexible services.”

About IntercontinentalExchange Group, Inc.
IntercontinentalExchange (NYSE: ICE) is the leading network of regulated exchanges and clearing houses for financial and commodity markets. ICE delivers transparent, reliable and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.Trademarks of ICE and/or its affiliates include IntercontinentalExchange, ICE, ICE block design, NYSE Euronext, NYSE, New York Stock Exchange, LIFFE and Euronext. Information regarding additional trademarks and intellectual property rights of IntercontinentalExchange Group, Inc. and/or its affiliates is located at https://www.theice.com/terms.jhtml and http://www.nyx.com/terms-use.

ICE Safe Harbour Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2012, as filed with the SEC on February 6, 2013.

TAQA, BNP Paribas, Citi and Rabobank launch Gas as Collateral service 11 Feb 2014
TAQA, BNP Paribas, Citi and Rabobank are pleased to present the finalized ACCESS framework agreement allowing Gas Storage Bergermeer customers to make effective use of the value of their stored gas as collateral or as the subject of sale and repurchase arrangements until the gas is withdrawn.

Partnering with BNP Paribas, Citi and Rabobank

The ACCESS framework agreement creates an open and flexible framework allowing customers to partner with the financial institutions of their preference. Furthermore, it gives the customer and the bank the flexibility to tailor the transaction to their own individual needs.

The agreement also allows for customers to use the value of the gas in storage to improve their working capital management. By using their gas as collateral (under a secured loan or a sale and repurchase arrangement) customers would be eligible for favorable financing terms. The duration of a secured arrangement can be tailored to the portfolio needs of the customer.

Jan Willem van Hoogstraten, Managing Director of TAQA in the Netherlands said: “Customer focus, transparency and innovative services to maximise value are of great importance for Gas Storage Bergermeer. By creating this financing structure we offer another customer oriented service to our current and future customers which underlines our vision and approach.”

Jogchum Brinksma, Managing Director at Citi Commodities said: “The ACCESS agreement provides an excellent framework for Bergermeer storage customers to source competitive financing arrangements for their gas in store. Citi has a growing ambition to offer integrated commodity and funding solutions through our experienced inventory financing team and we look forward to working with the storage customers in the near future. We would like to thank TAQA for the opportunity to be involved in this great project.”

To use stored gas as collateral in such a secured arrangement, the customer, their preferred bank and TAQA sign the tri-party framework agreement. The customer and bank then negotiate and enter into financing documentation and notify TAQA of one or more individual secured arrangements. As a last step, TAQA confirms and guarantees that the gas used under a secured arrangement is stored at Gas Storage Bergermeer.

TAQA launches TAQA eConverter app for energy conversions 11 Feb 2014
Gas Storage Bergermeer, an asset of TAQA, launches the energy converter app ‘TAQA eConverter’. A free app for iPhone and Android designed for the convenience of professionals in the gas industry. TAQA eConverter provides a quick and easy way to convert all frequently used energy units, capacity units and gas prices. Furthermore, the conversions can be fully customised by creating user defined energy units and favorites lists.

The global gas market is constantly changing, trading markets beginning to converge. However, some differences remain; energy units can differ per market and region and physical differences can affect gas quality and their conversion rates. Differences that can make the global gas market less transparent. With these differences in mind, TAQA’s Gas Storage Bergermeer launches the “TAQA eConverter”, which provides a quick and easy solution to convert over 50 commonly used energy and capacity units in the gas industry.

The app supports 6 different types of conversions: energy, capacity, gas price, trading products and all ECB supported currencies. Gas Storage Bergermeer offers services in standard bundled units (SBU) at the trading hub TTF in KWh. The TAQA eConverter can be used by Gas Storage Bergermeer customers to convert their SBU rights to any preferred capacity unit.

Jan Willem van Hoogstraten, Managing Director of TAQA in the Netherlands: “TAQA strives to be the most innovative player in the gas storage market by offering a technically advanced, highly flexible storage. Also by offering transparent and customer focused services and products that maximise value. The TAQA eConverter is an excellent example of how we want to support professionals within the industry by making conversions readily available, reducing boundaries and achieving a higher transparency in the energy market.”

TAQA eConverter converts:

  • 50 standard energy and capacity units and customised defined energy units
  • All ECB supported currencies (EUR, USD, BRL, CHF, GBP, AED and many more)
  • Any gas prices that can be created from an ECB supported currency (p/therm, EUR/MWh, €c/m3 (35.17MJ/m3) USD/MMBtu and many more)
  • All standard gas contracts to energy, taking into account summer winter time change and leap years (Day Ahead, Forward Months, Quarters, Seasons and calendar and storage years)
  • Gas Storage Bergermeer standard bundled units registered capacities can be converted to any capacity unit of choice , and in addition pressure factors can even be taken into account.

To download the free TAQA eConverter app for iPhone or Android, go to www.gasstoragebergermeer.com/econverter.
Or download the app via:

appstore_apple  

For more information about and images of the eConverter please visit: www.gasstoragebergermeer.com/eConverter

TAQA reveals Gas Storage Bergermeer 2014 Auction details 11 Feb 2014
TAQA has announced the details of its first auction for short term capacity at Gas Storage Bergermeer. In September 2014, 13 TWh will be auctioned with free customer choice on tenor (one, two or three years) and lot size, available as of April 2015.

Disclosing the reserve multiplier
Underscoring its commitment to market transparency, TAQA is pleased to disclose that a reserve multiplier of 1.1 for the summer-winter spread will be used in the 2014 auction. A historic analysis by FEA over the past four years shows that the fair value (excluding within day) is around 1.25. Communicating the reserve multiplier in advance makes it possible for customers to quickly assess whether Gas Storage Bergermeer capacity is of commercial interest to them.

Free choice of tenor and lot size
Gas Storage Bergermeer customers can bid during the 2014 annual auction for the tenor and lot size that best fits their portfolio. The freedom to choose the tenor allows customers to optimise their portfolio and gas storage needs to the fullest. Customers will be allowed to make multiple bids.

One SSSA to participate
In order to participate in the annual auction, potential customers must sign a Standard Storage Service Agreement (SSSA). Customers with a SSSA in place have the option to acquire capacity during future auctions or on Gas Storage Bergermeer’s secondary trading platform. In addition, signed customers get access to interruptible capacity, even if no firm capacity has been secured. TAQA currently has 12 customers that have signed a Standard Storage Service Agreement.

Further details of the Gas Storage Bergermeer 2014 Auction will be published in the second quarter of this year. For more information, visit www.gasstoragebergermeer.com.

TAQA, PensionDanmark agree on sale of Dutch pipeline stake 10 Nov 2013
TAQA has reached an agreement with PensionDanmark A/S to sell its stake in the NGT natural gas pipeline in the Netherlands.

Abu Dhabi, United Arab Emirates – TAQA, the international energy company from Abu Dhabi, has reached an agreement with PensionDanmark A/S, the Danish pension fund, to sell its stake in the Noordgastransport B.V. (NGT) natural gas pipeline in the Netherlands.

NGT consists of approximately 470 kilometres of offshore pipeline with a daily gas capacity of around 42 million m3. TAQA acquired its 40% stake in the pipeline, which is operated by GDF Suez E&P, in 2009 from Royal DSM N.V.

David Cook, TAQA’s Executive Officer and Head of Oil & Gas, said: “We decided that the investment in the Noordgastransport pipeline no longer fitted with our growth strategy in the Netherlands, which is focused on maximising the value of our portfolio and delivering Gas Storage Bergermeer.”

TAQA is the largest UAE investor in the Netherlands. Its activities include gas storage as well as the exploration and production of oil and gas. TAQA owns and operates a gas storage facility in Alkmaar and is developing Gas Storage Bergermeer, which will be the largest open-access gas storage facility in Europe when it reaches full capacity in 2015.

The NGT transaction is expected to close by year-end 2013, subject to regulatory approvals. Scotiabank acted as sole financial adviser to TAQA in respect of the sale.

- ENDS -

Customers Gas Storage Bergermeer appointed on the board of the Gas Foundation 14 Mar 2013
On March 14, 2013 TAQA held the first meeting of the Gas Foundation, representing all customers of Gas Storage Bergermeer. During this first meeting representatives of Statoil, VattenFall and EdF were appointed on the Board of the Gas Foundation.

The Gas Foundation is the formal legal title holder of the stored working gas of all Standard Storage Services Agreement (SSSA) customers, and ensures that customers in case of a default of TAQA can have access to their gas.
The foundation is governed by the customers of Gas Storage Bergermeer.

Gas Storage Bergermeer currently has Standard Storage Services Agreements in place with twelve customers.

Gas Storage Bergermeer develops service for working gas as collateral 11 Mar 2013
11 March 2013, The Hague, The Netherlands – Abu Dhabi National Energy Company PJSC (TAQA) is pleased to announce it has executed Letters of Intent with Rabobank, ABN AMRO, Citi and BNP Paribas as the first banks to work together to develop a service whereby customers of Gas Storage Bergermeer can use their stored working gas as collateral for financing.

By signing the Letters of Intent the banks and TAQA made an important step in developing a framework allowing customers to make effective use of the value of their gas in store. Gas injected in the summer would be used as collateral for financing or would be the subject of repo arrangements until the gas is withdrawn in winter, improving the working capital position of customers. By having these industry leading banks on board, TAQA facilitates customer needs whilst allowing customers to work with the bank of their preference.

The final framework for this finance service is scheduled by end of 2013.

Adri Pols, Commercial Manager Gas Storage Bergermeer: “Gas Storage Bergermeer continuously searches for solutions to provide our customers maximum flexibility. Customers can already select their ideal contract tenor and pricing mechanism for primary capacity. And all available interruptible capacity will be sold daily. Customers can also trade their capacity on the secondary trading platform hosted by ENDEX. By developing this financing structure we will offer yet another benefit to current and future customers”.

With full commercial capacity available in 2015 Gas Storage Bergermeer will be the largest open access gas storage facility in Europe, providing 46TWh of seasonal storage.

Gas Storage Bergermeer sells out capacity offered in 2012 Open Season 17 Dec 2012
17 December 2012, The Hague, Netherlands – Abu Dhabi National Energy Company PJSC (TAQA) is pleased to announce that it completed its 2012 Open Season, selling the full 3 TWh of long term storage capacity delivered at the TTF to four customers.

Gas Storage Bergermeer’s second Open Season provided the market with another opportunity to secure standard capacity bundles for multiple years. Bidders were able to select service periods between three to nine years, with initial services beginning April 2015. All the capacity was allocated as indexed price lots. This reflects a strong demand for this pricing mechanism where the storage fees are adjusted annually based on an average of the Title Transfer Facility (TTF) summer-winter spread. Following two bidding rounds, four customers were successful in acquiring the long term storage capacity.

Parties interested in acquiring storage capacity at Gas Storage Bergermeer on the primary or secondary markets can sign a Standard Storage Services Agreement that provides access to interruptible capacity through Bergermeer’s secondary trading platform of APX-ENDEX, and the opportunity to bid at future auctions. Gas Storage Bergermeer currently has Standard Storage Services Agreements in place with twelve customers.

Gas Storage Bergermeer has a total working gas volume of 46TWh. In total 33 TWh has now been contracted to various parties on a long term basis. The remaining thirteen TWh will be offered annually on a short term basis, with the first auction planned for September 2014.

Jan Willem van Hoogstraten, Managing Director TAQA Energy: “I am very pleased to congratulate our four long term customers and welcome the large variety of customers who have already expressed interest and commitment by signing Standard Storage Services Agreements with us.” 

Groundbreaking Ceremony: Official Start of Construction Work on TAQA’s Dutch Gas Storage Facility 30 Oct 2012
Abu Dhabi National Energy Company PJSC (TAQA) has hosted guests in the Netherlands during a ceremony to mark the ground-breaking for the construction of Bergermeer Gas Storage, the largest open access natural gas storage facility in northwest Europe.

Alkmaar, the Netherlands 30 October, 2012 – Abu Dhabi National Energy Company PJSC (TAQA) has hosted guests in the Netherlands during a ceremony to mark the ground-breaking for the construction of Bergermeer Gas Storage, the largest open access natural gas storage facility in northwest Europe.

Present at the ground breaking ceremony were His Excellency Maxime Verhagen, Minister of Economic Affairs, Agriculture and Innovation and Deputy Prime Minister of the Netherlands; His Excellency Abdalla Hamdan Alnaqbi, Ambassador of the United Arab Emirates to the Kingdom of the Netherlands; His Excellency Abdulla Saif Al Nuaimi, Director-General of the Abu Dhabi Water and Electricity Authority and Vice-Chairman of TAQA; His Excellency Ahmed Mohamed Matar Al Mehairi, Board Member of TAQA; His Excellency Abdul Aziz Al Al Hemaidi, Board Member of TAQA; Carl Sheldon, TAQA CEO; members of the Dutch national, regional and local Governments, representatives from TAQA’s project partners EBN and Gazprom.

During his speech, His Excellency Maxime Verhagen, Minister of Economic Affairs, Agriculture and Innovation and Deputy Prime Minister of the Netherlands said: "We are delighted with this investment by our friends from Abu Dhabi. The Dutch gas industry plays a leading role in our top sectors policy. We are doing everything we can to create an optimum business climate. The doors are wide open to foreign investors. And we’re happy TAQA spotted that. What makes their investment so special is that it serves our international, national and local interests."

Carl Sheldon, TAQA CEO, commented: “As the world’s energy needs grow, natural gas will play an increasingly important role. Gas is the only fossil fuel expected to increase its share of demand in the years to come. Gas is key to the long-term strategy of TAQA -- and Bergermeer is the centrepiece of this strategy.”

Underground gas storage is a significant contributor to European energy security. It will offer greater gas supply flexibility in northwest Europe at a time when domestic reservoirs are becoming depleted. It complements increasing demand and enables gas to fill gaps left by intermittent renewable energy.

With a working volume of 4.1 billion cubic metres (i.e. the average annual gas consumption of 2.5 million households in the Netherlands), the Bergermeer Gas Storage facility is intended to be the largest accessible gas storage facility in Europe. Bergermeer Gas Storage will double the capacity in the Netherlands for seasonal storage and make an important contribution to the development of the Netherlands’ ambition to become the northwest European gas hub. Natural gas is the cleanest of all the fossil energy fuels and is vital to future sustainability of the energy supply in the Netherlands.

TAQA and its partner EBN will invest more than EUR 800 million in the drilling of 14 new wells, the construction of the gas treatment installation in Alkmaar and the intervening pipelines. Bergermeer Gas Storage will give the development of the energy industry in the vicinity of Alkmaar a significant boost. In total, the installation of the gas storage facility will provide 3,300 man-years of work, 2,650 in the Netherlands.

- ENDS -

Contact Information for Media:

Allan Virtanen
Head of Media
Tel +971 2 691 4894
Mob +971 56 685 2717
Allan.Virtanen@taqaglobal.com

About TAQA

www.taqaglobal.com

Established in 2005, TAQA is a diversified international energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA).

TAQA’s business is made up of three operating divisions spread across the entire energy value chain: power generation & water desalination; oil and gas exploration & production; and emerging & alternative energy technologies.

Power & Water: TAQA is one the largest independent power producers in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in Abu Dhabi. TAQA's power plants are located in the UAE, Morocco, Oman, Saudi Arabia, Ghana, India, and USA.

Oil & Gas: with operations in Canada, UK, the Netherlands, USA and Iraq, TAQA's oil and gas business includes exploration and production, underground gas storage and pipeline transportation.

Emerging & alternative energy technologies: TAQA Energy Solutions is dedicated to alternative and technology-driven energy initiatives for long-term efficient energy production and generation.

TAQA’s vision is to deliver ‘Energy for Growth’: growth within the business; social and economic progress in the communities where TAQA operates; and increased value for our shareholders.

Over the past 40 years the UAE and Abu Dhabi have pursued a vision embodied by progressive development, investment and the highest global standards. TAQA is proud to align its strategy both domestically and globally to Abu Dhabi’s economic vision 2030, working towards sustainable economic development.

For more information about TAQA visit: www.taqaglobal.com or Twitter: @TAQAGLOBAL

Gas Storage Bergermeer reveals 2012 Open Season details 25 Sep 2012
I am pleased to announce the details of the 2012 Open Season for long term capacity in Gas Storage Bergermeer. In this email you will find references to the product characteristics, the auction process, our webcast and a detailed timeline of the 2012 Open Season.

The following email has been sent out to our relations today.

I am pleased to announce the details of the 2012 Open Season for long term capacity in Gas Storage Bergermeer. In this email you will find references to the product characteristics, the auction process, our webcast and a detailed timeline of the 2012 Open Season.

Product characteristics & auction process:

In its 2012 Open Season, Gas Storage Bergermeer will offer the opportunity to book long-term storage services delivered at the TTF. On offer is a working volume of 3TWh with a tenor of three to nine storage years, starting 1st of April 2015. This capacity is offered in 12 equal sized lots of 0.25TWh. One lot equals 250,000 standard bundled units (SBU’s), each SBU having 1,000kWh of space, 0.579kW withdrawal capacity and 0.427kW injection capacity.

On our website (www.gasstoragebergermeer.com) the following documents are now available:
2012 Open Season brochure,
Standard Storage Services Agreement (SSSA),
Practical operational examples,
Allocation Rules, Bidding Process & Timetable,
Power of Attorney (PoA) - authorization to represent or act on behalf of the customer.
Potential customers that execute a confidentiality agreement may receive:
A detailed explanation and legal advice from Allen & Overy on the security structure that ensures redelivery of gas,
The Long Term Customer Supplemental Agreement (LTCSA) – allowing the use of the SSSA for multi-year contracts.

Webcast 2012 Open Season: 1st of October at 14.00 CET

You are invited to our explanatory webcast to be held on 1st of October at 14.00 CET, for which we invite you to register via our website. During this interactive webcast we present the SSSA, Allocation Rules, Bidding Process, practical operational examples and the procedure for establishing an initial credit limit.

The Timeline of 2012 Open Season is as follows:

1st of October 14:00 CET: Webcast 2012 Open Season
October: Further bilateral explanations
Mid November: Customer execution of PoA, SSSA, LTCSA including setting an initial credit limit; after which a confirmation of qualification for the auction follows
On Monday 3rd and Friday 7th of December: 2012 Open Season 1st and 2nd auction round.
We are looking forward to welcoming you to our webcast. Should you have any questions in the meantime please contact myself or Tjaard Vermeulen (+31 888 272 588).

Kind regards,

Adri Pols
Commercial Manager
Gas Storage Bergermeer, TAQA Energy B.V.
Bergermeer.Sales@taqaglobal.com

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TAQA selects APX-ENDEX as its secondary capacity trading platform for Gas Storage Bergermeer 10 Sep 2012
TAQA Gas Storage B.V., a subsidiary of Abu Dhabi National Energy Company PJSC (TAQA), has selected the energy exchange APX-ENDEX as a provider of an electronic trading platform for customers to buy and sell previously issued storage capacity at Gas Storage Bergermeer in the Netherlands.

Underground gas storage capacity is being made available to customers through open seasons for longer-term capacity, annual auctions and secondary capacity trading. The APX-ENDEX secondary trading platform will allow customers of Gas Storage Bergermeer to anonymously trade their primary capacity rights at the Title Transfer Facility (TTF). TAQA will be the central counterparty to all on-screen trades.

Secondary trades can consist of standard bundled units, injection capacity, withdrawal capacity, space and gas-in-storage. All products will be listed on APX-ENDEX day-ahead market. In addition the product suite for standard bundled units will also include week, month, quarter and balance of storage year contracts. Customers of APX-ENDEX will be able to trade Gas Storage Bergermeer capacity products on Trayport Global Vision and will not incur any trading fees for these trades.

In addition to APX-ENDEX’s on-screen secondary trading platform, TAQA will also offer customers bilateral trading in the form of Notified Trades and Register Transfers. For such trades, customers will be charged a handling fee in line with fees charged for comparable services offered by brokers on the over-the-counter (OTC) market.

Adri Pols, Commercial Manager Gas Storage Bergermeer, says: “Gas Storage Bergermeer will be Europe’s largest open access gas storage facility and a key source of flexibility for gas market participants in Northwest Europe. TAQA chose to partner with APX-ENDEX because they’re the most liquid exchange on the TTF and we share the vision of a highly liquid virtual trading hub”.

Bert den Ouden, CEO of APX-ENDEX, continues: “We are delighted with this new opportunity to contribute to TAQA’s philosophy of liberalised access to gas storage markets. Our cooperation will also serve as a positive example for other gas storage facilities in Europe. There is no doubt our joint approach will contribute to further development of APX-ENDEX TTF market.”

TAQA Gas Storage B.V., the contracting party for all Gas Storage Bergermeer commercial operations, has recently contracted, amongst others, Statoil and Vattenfall as long term primary capacity holders.

The construction of Gas Storage Bergermeer began in June 2012. Commercial storage operations will start in 2014 with full capacity available in 2015. Once completed, Gas Storage Bergermeer will play an important part in securing the Netherlands’ gas supply and the country’s ambition to become the gas hub for Northwest Europe. In total, the facility will provide 46 TWh (4.1 BCM) of seasonal flexibility, almost doubling the gas storage capacity in the Netherlands.

TAQA has a 60% stake in Gas Storage Bergermeer and is the operator and marketing agent for all storage capacity that is available for third parties. EBN B.V., a key player in the Dutch oil and gas sector with the Dutch State as its sole shareholder, holds a 40% stake in Gas Storage Bergermeer. Together, TAQA and EBN are investing € 800 million in the design and construction of the gas storage facility.

Gas Storage Bergermeer Offering Long Term Capacity 23 Jul 2012
Gas Storage Bergermeer is pleased to announce that it will offer long term storage capacities in a new Open Season 2012. The total volume on offer this year will be 3 TWh of working gas, available from April 2015 on a long term basis.

Open Season 2012; what is new?

  • In May this year the Dutch Council of State has published their final ruling reconfirming the permits for development of Gas Storage Bergermeer. This approval allows us to offer storage services now without any uncertainty around permitting.
  • Following the irrevocable permits, TAQA and its project partner EBN have started construction of the gas storage facility, which will be operational in 2014 with full commercial operations in 2015.
  • Cushion gas injection has steadily progressed with 75% of the 4.3BCM already injected.
  • Together with our launching customers the legal framework including a Gas Foundation has been finalized, securing title to working gas volume for our existing and future storage customers.
  • In addition, the minimum storage auction lot size will be reduced.

The high level planning of Open Season 2012 is as follows:

  • Now: Gas Storage has published the following documents on its website:
    Final Standard Storage Services Agreement (SSSA)– as signed by our launching customers.
    Explanatory note to SSSA – providing several practical examples that help place the SSSA in operational reality
  • July: Potential customers that execute a confidentiality agreement may receive a detailed explanation and legal advice from Allen & Overy on the security structure that ensures redelivery of gas.
  • September: publication of detailed timelines, of product characteristics and of capacity allocation rules 2012
  • September and October: bilateral explanations
  • November: execution of SSSA and Long Term Customer Supplement Agreement
  • December: capacity auction

More information? If you have specific questions, comments or you would like to be kept informed about progress of the project, please do not hesitate to get in contact by filling in the form contact the Commercial Department BGS.

Bergermeer Gas Storage Project Receives Approval 2 May 2012
TAQA is pleased to announce it has today received approval from the Dutch Council of State for the development of the Bergermeer Gas Storage facility.

Abu Dhabi, United Arab Emirates – Abu Dhabi National Energy Company PJSC (“TAQA”), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), is pleased to announce it has today received approval from the Dutch Council of State for the development of the Bergermeer Gas Storage facility. TAQA and its project partner EBN can commence construction of the gas storage.

The decision of the Council of State is the final stage of a transparent and meticulous process in which environmental concerns have been of the absolute highest priority. TAQA has taken every possible measure to implement the project in a safe and responsible way and to minimise any disturbance.

Among others, agreements have been reached concerning the efficient handling of any property damage related to the project, compensation measures for nature and the restriction of noise during construction.

Ten of the eleven competent authorities had earlier approved the Bergermeer Gas Storage project and the national parliament has also approved the project

TAQA will shortly commence preparatory work. Work on the well site will start after the meadow birds breeding season (in July).

With a working volume of 4.1 billion cubic metres (i.e. the average annual gas consumption of 2.5 million households in the Netherlands), the Bergermeer Gas Storage facility is intended to be the largest accessible gas storage facility in Europe.

Bergermeer Gas Storage will double the capacity in the Netherlands for seasonal storage and make an important contribution to the development of the Netherlands’ ambition to become the Northwest European gas hub.

Natural gas is the cleanest of all the fossil energy fuels and is vital to future sustainability of the energy supply in the Netherlands.

TAQA and EBN will invest more than EUR 800 million in the drilling of 14 new wells, the construction of the gas treatment installation in Alkmaar and the intervening pipelines.

Bergermeer Gas Storage will give the development of the energy industry in the vicinity of Alkmaar a significant boost. In total, the installation of the gas storage facility will provide 3,300 man-years of work, 2,650 in the Netherlands.

- ENDS -

For further information:
TAQA Media Relations, Abu Dhabi
Allan Virtanen
Tel +971 2 691 4894
Mob +971 5 66 852 717
firstname.surname@taqaglobal.com

About TAQA

Established in 2005, TAQA is a diversified international energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA).

TAQA’s business is made up of three operating divisions spread across the entire energy value chain: power generation & water desalination; oil and gas exploration & production; and emerging & alternative energy technologies.

Power & Water: TAQA is one the largest independent power producers in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in Abu Dhabi. TAQA's power plants are located in the UAE, Morocco, Oman, Saudi Arabia, Ghana, India, and USA.

Oil & Gas: with operations in Canada, UK, the Netherlands, USA and Iraq, TAQA's oil and gas business includes exploration and production, underground gas storage and pipeline transportation.

Emerging & alternative energy technologies: TAQA Energy Solutions is dedicated to alternative and technology-driven energy initiatives for long-term efficient energy production and generation.

TAQA’s vision is to deliver ‘Energy for Growth’: growth within the business; social and economic progress in the communities where TAQA operates; and increased value for our shareholders.

Over the past 40 years the UAE and Abu Dhabi have pursued a vision embodied by progressive development, investment and the highest global standards. TAQA is proud to align its strategy both domestically and globally to Abu Dhabi’s economic vision 2030, working towards sustainable economic development.

For more information about TAQA visit: www.taqaglobal.com / www.bergermeergasstorage.com or Twitter: @TAQAGLOBAL

TAQA Announces Bergermeer Launch Customers 19 Dec 2011
Abu Dhabi National Energy Company PJSC (TAQA), a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange (ADX: TAQA), and partner EBN B.V. (EBN), an independent company with the Dutch State as its sole shareholder, are pleased to welcome three launch customers for the Bergermeer Gas Storage facility in the Netherlands.

Abu Dhabi, UAE - Abu Dhabi National Energy Company PJSC (TAQA), a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange (ADX: TAQA), and partner EBN B.V. (EBN), an independent company with the Dutch State as its sole shareholder, are pleased to welcome three launch customers for the Bergermeer Gas Storage facility in the Netherlands.

Statoil ASA (Statoil), Vattenfall Energy Trading Netherlands N.V. (Vattenfall) and a third European energy company have together secured more than 90% of the total 11 TWh (1 BCM) of annual storage capacity made available as part of the 2011 Bergermeer Gas Storage Open Season. The three launch customers secured both fixed price and indexed price long-term contracts with durations between 4 and 10 years as of April 2015. The indexed price agreements are based on a multiplier of the annual summer-winter price spread at the Dutch TTF gas trading hub.

Carl Sheldon, CEO, TAQA: “We are very pleased to welcome three of Europe’s largest energy companies as launch customers for Bergermeer Gas Storage. The vast market demand for our storage capacity is proof of northwest Europe’s need for the seasonal flexibility offered by this project. Bergermeer is coming to market at the right time and will be a game changer.”

Jan Dirk Bokhoven, CEO, EBN: “It is our aim to make profitable use of the Dutch subsurface, also when domestic gas production declines in the future. Bergermeer Gas Storage is an excellent example of doing just that. By our participation EBN will secure optimal benefits for Dutch society.”

Rune Bjّrnson, Senior Vice President Natural Gas, Statoil: “Statoil is pleased to have secured a launching position in the Bergermeer Gas Storage facility which will play an important role in the further development of the European gas business.”

Stephen Asplin, Head of Vattenfall Energy Trading: “Bergermeer Gas Storage will provide additional tools to Vattenfall's extensive portfolio ensuring security of gas supply. Additionally it will enhance liquidity and further improve the functioning of the Dutch gas market."

Bergermeer Gas Storage is essential for the Netherlands’ plan to enhance security of energy supply and become the gas hub of Northwest Europe. Bergermeer Gas Storage will have a total working volume of 46 TWh (4.1 BCM). It will be Europe’s largest open access gas storage facility and double the Netherlands’ total seasonal storage capacity. The total working volume of Bergermeer Gas Storage is the equivalent of the annual gas consumption of more than 2.5 million Dutch households.

The project’s USD 1.1 Billion final investment decision was taken by the Bergermeer Gas Storage project consortium in 2009. The 2011 Open Season was launched in May 2011 following the Dutch government’s approval of the permits for constructing and operating Bergermeer Gas Storage. The Dutch Council of State is currently reviewing appeals and a verdict is expected in early 2012.

Bergermeer Gas Storage is planned to become operational in 2014, with full capacity available as of 2015. Remaining available working volume will be made available closer to the start of commercial operations.

- ENDS -

Contact Information for Media:

TAQA Global Media Relations

Allan Virtanen
Manager Group Corporate Communications
Mobile: +31 64 61 47 448
Tel: +971 2 691 4900
allan.virtanen@taqaglobal.com

Note for Editors

About TAQA - www.taqaglobal.com

Abu Dhabi National Energy Company (TAQA) is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange. TAQA’s main activities include the oil and gas business, power generation and water desalination across four continents.

TAQA is one the largest independent power producers in the world and the majority owner of the facilities that provide 98 per cent of the water and electricity requirements in the Emirate of Abu Dhabi. TAQA's power plants are located in the United Arab Emirates, Morocco, Oman, Saudi Arabia, Ghana, India, and the United States.

With operations in Canada, the United Kingdom, the Netherlands, the United States and Iraq, TAQA's oil and gas business includes exploration and production, underground gas storage and pipeline transportation.

Its entrepreneurial culture, along with a commitment to people, safety and the environment, has created strong foundations for the long-term sustainable growth of their business.

Follow TAQA on Twitter: www.twitter.com/taqaglobal

About EBN - www.ebn.nl

EBN is active in the exploration for, production of and trading in oil and gas in the Netherlands. Together with other national and international oil and gas companies EBN invests in exploration and production and in gas storage facilities in the Netherlands. EBN does not aim to be the operator in the joint ventures, but invests, facilitates and shares its knowledge. EBN is also involved in selling Dutch natural gas via its interest in GasTerra. EBN distributes all the profits from these activities to the State, our sole shareholder. EBN also advises the government on the mining climate in the Netherlands and on new applications of the subsurface.

About Bergermeer Gas Storage - www.bergermeergasstorage.com

Bergermeer Gas Storage is necessary for the Netherlands’ security of supply and is an essential component of the Netherlands’ plan to become the gas hub of Northwest Europe. Bergermeer Gas Storage will be Europe’s largest open access gas storage facility and will double the Netherlands’ total seasonal gas storage capacity.

TAQA, with a 60% stake, is the operator of the Bergermeer Gas Storage facility and also acts as the marketing agent for all storage capacity. EBN B.V., an independent company with the Dutch State as its sole shareholder, holds a 40% stake in the Bergermeer Gas Storage project.

Flexible gas infrastructure will also enable further growth of intermittent renewable energy sources such as wind energy.

Netherlands Council of State Receives Bergermeer Gas Storage Advisory Report 5 Oct 2011
Abu Dhabi, United Arab Emirates - Abu Dhabi National Energy Company PJSC (TAQA), a global energy company majority owned by the Abu Dhabi Government, welcomes the Bergermeer Gas Storage advisory report

Netherlands Council of State Receives Bergermeer Gas Storage Advisory Report

  • TAQA recognises the advice as an endorsement of earlier research
  • Report confirms earlier research into external safety and earth tremor
  • TAQA confident in positive final decision on the appeal

Abu Dhabi, United Arab Emirates - Abu Dhabi National Energy Company PJSC (TAQA), a global energy company majority owned by the Abu Dhabi Government, welcomes the Bergermeer Gas Storage advisory report and recognises the advice as an endorsement of earlier research into safety and the environment on which the government’s permit approvals are based. The advisory report was commissioned by the Council of State and compiled by Stichting Advisering Bestuursrechtspraak (StAB), an independent organisation tasked to advise the administrative jurisdiction division of the Council of State in juridical cases. The advisory report will be used by the Council of State as advice in the court case regarding the 14 appeals submitted against the permits for constructing and operating Bergermeer Gas Storage. The permits were issued by the Dutch Minister of Economic Affairs, Agriculture & Innovation, Minister of Infrastructure & Environment and other authorities in May 2011.

Bergermeer Gas Storage is necessary for the Netherlands’ security of supply. The flexibility offered by indigenous natural gas production in the Netherlands is decreasing and additional gas storage capacity will be needed to ensure sufficient gas supplies in the coming years especially during winter months. Gas storage capacity is also required for the transition to a sustainable energy supply and to guarantee the flexibility needed for a functioning gas market.

The advisory report includes, among other topics, an analysis of the possibility of earth tremors related to Bergermeer Gas Storage. Three independent institutes, Royal Netherlands Meteorological Institute (KNMI), Netherlands Organisation for Applied Scientific Research (TNO) and Massachusetts Institute of Technology (MIT), have concluded that the risk of a light earth tremor is limited. StAB agrees with the previous reports on this topic and concludes that the increase in reservoir pressure will have a positive effect on the reservoir’s geological stability and that any earth tremor would not exceed the maximum limit which has been consistently viewed as acceptable for gas production and storage activity in the Netherlands.

The advisory report also includes an analysis of external safety and effects of Bergermeer Gas Storage on the local environment. The advice confirms that the external safety effects have been sufficiently covered. Some birds could possibly be affected by peak noise levels during the drilling and construction of Bergermeer Gas Storage. Besides technical measures to minimise noise levels, TAQA has agreements in place with the Province Noord-Holland regarding nature compensation. The agreements have been prepared and executed in good cooperation with regional environmental groups.

Bergermeer Gas Storage is an essential component of the Netherlands’ plan to become the gas hub of Northwest Europe. The Bergermeer Gas Storage project will, as part of the gas hub, provide a long-term stimulus for the Dutch economy. The construction of Bergermeer Gas Storage will create 3,300 man-years of new work of which 2,650 will be in the Netherlands. The Dutch gas hub will generate EUR 21 Billion of additional economic activity up to 2020 and more than 13,000 additional jobs.

TAQA is offering a total of 11 TWh of storage capacity for periods of 4 to 10 years under the 2011 and 2012 Open Seasons for longer-term capacity. Bergermeer Gas Storage commercial operations are due to start in April 2014.

TAQA is confident in a positive final decision on the appeals and expects the permits to become irrevocable.

TAQA Media Relations
Allan Virtanen
Manager Group Corporate Communications
+31 64 61 47 448
allan.virtanen@taqaglobal.com
www.taqaglobal.com

Notes to editors

About TAQA

Abu Dhabi National Energy Company (TAQA) is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange. Our main activities include our oil and gas business, power generation and water desalination across four continents.

We are the sixth-largest independent power producer in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in the Emirate of Abu Dhabi. Our power plants are located in the United Arab Emirates, Morocco, Saudi Arabia, Ghana, India, and the United States.

With operations in the UK, the Netherlands, the United States and Canada, our oil and gas business includes exploration and production, gas storage and pipeline transportation.

In the Netherlands our established gas storage business includes operating the Alkmaar Peak Gas Installation (PGI). With our partner EBN, an independent company with the Dutch State as its sole shareholder, we are also developing the Bergermeer Gas Storage facility. This will make a major contribution to the security of gas supply to Northwest Europe, and provide a strong base for the Northwest European gas hub.

Our entrepreneurial culture, along with a commitment to people, safety and the environment, has created strong foundations for the long-term sustainable growth of our business.

About Bergermeer Gas Storage

The Bergermeer Gas Storage project will create Europe’s largest open access gas storage facility. Bergermeer will provide the Northwest European gas market with 46 TWh (4.1 BCM) of seasonal storage, thereby almost doubling the Netherlands’ total storage capacity and adding an alternative source of flexibility on the TTF.

The depleted Bergermeer reservoir has the ideal geological characteristics for gas storage and is in a strategically excellent location: well connected to the gas transport network, close to major cities and industrial centres and only 20 km from the BBL pipeline transporting gas between the Netherlands and the UK.

TAQA (operator) and EBN hold 60% and 40% stakes in the Bergermeer Gas Storage project respectively. The design and construction of the facility require a total investment of EUR 800 million and involves drilling 14 high capacity storage wells, building a gas treatment plant and laying almost 40 km of pipeline.

As part of the realisation of this project, an agreement with Gazprom Group, one of the world’s largest energy companies, was made in 2009 as a result of an open season procedure. For delivering the required 48.5 TWh of cushion gas to pressurise the reservoir and make commercial operations possible, Gazprom group will receive a minority share of the storage capacity and an interest in the technical operatorship of the facility.

Bergermeer is an open access gas storage. The majority of the storage capacity will be made available to the market via negotiated Third Party Access (TPA). The TPA capacity will be marketed via TAQA Gas Storage B.V. on both a longer-term basis and via annual auctions.

TAQA, Eneco Gasspeicher and Gasunie Zuidwending Establish Gas Storage Netherlands 28 Sep 2011
THE HAGUE, the Netherlands – TAQA, Eneco Gasspeicher and Gasunie Zuidwending today announced the establishment of Gas Storage Netherlands. Gas Storage Netherlands’ objective is to voice the opinion

THE HAGUE, the Netherlands – TAQA, Eneco Gasspeicher and Gasunie Zuidwending today announced the establishment of Gas Storage Netherlands. Gas Storage Netherlands’ objective is to voice the opinion of its members in discussions related to the Dutch Gas Act and enhance dialogue with the Dutch Government, Netherlands Competition Authority, European Institutions and other stakeholders in relation to development of Dutch gas infrastructure.

Gas Storage Netherlands can act as a representative organisation for any underground natural gas storage facilities connected to the Dutch gas transmission system operated by Gas Transport Services B.V. (GTS). This regards underground natural gas storage and not storage of liquefied natural gas (LNG) or CO2. The establishment of Gas Storage Netherlands will allow early notification in relation to developments at the Netherlands Competition Authority, Gas Transport Services (GTS) and regulation. Gas Storage Netherlands intends to collaborate with other organisations such as GSE (Gas Storage Europe) in achieving common goals.

The indigenous natural gas reserves and flexibility offered by natural gas production in the Netherlands is rapidly decreasing. Transportation routes for gas imports, such as LNG and pipeline gas, are becoming longer while the supply of renewable energy that requires the flexibility offered by natural gas is also increasing. Sufficient natural gas storage capacity is required to guarantee the security of supply and the flexibility needed for a properly functioning gas market. The role of gas storage in securing energy supply will become increasingly important in the Netherlands.

Jan Willem van Hoogstraten, President of Gas Storage Netherlands: “TAQA is focused on being a major contributor to the establishment of the Northwest European gas hub in the Netherlands. Despite improvements over the past decade, there are still significant obstacles to the development of additional capacity in the Netherlands. Gas Storage Netherlands will allow gas storage developers and operators to speak with one voice and together create a favourable climate for new and existing gas storage facilities. Together with our members, we will ensure that issues such as predictable legislation, permitting processes and the creation of a Dutch and European-wide level playing field will rank high on the agenda of the European Institutions, Dutch government and regulators.”

Treasurer Piet Frints: “For Eneco, the combination of gas plants and gas storage facilities forms a very important catalyst for sustainable energy. Since wind and solar power are not available on demand, gas is a vital flexible resource for generating electricity. Gas storage facilities, such as Eneco's Gasspeicher Project, are also important for ensuring the reliable supply of gas during cold winter days. That is why Eneco Gasspeicher aims to bring the specific importance of gas storage to the attention of policy makers. Gas Storage Netherlands offers excellent opportunities in that respect.”

Secretary Willem Faber: “The highly flexible Gasunie Zuidwending underground gas storage is of crucial importance for matching intraday natural gas demand and supply. Natural gas and the flexibility offered by gas storage will offer the required flexibility for the use of sun and wind power as part of the future sustainable energy mix. Gasunie Zuidwending and other gas storage facilities are replacing the swing function of the Groningen gas reservoir and are therefore of essential importance in securing the Netherlands’ security of energy supply and gas infrastructure of the future. The role of Gas Storage Netherlands as a representative organisation is therefore self-evident.”

The Board of Gas Storage Netherlands consists of Jan Willem van Hoogstraten, Managing Director TAQA Energy B.V. (President), Piet Frints, President Eneco Strategic Assets B.V. (Treasurer) and Willem Faber, Director Gasunie Zuidwending B.V. (Secretary).

- ENDS -

CONTACT:

TAQA Media Relations
Allan Virtanen
+31 64 61 47 448
allan.virtanen@taqaglobal.com

ENECO Media Relations
Tom Gordijn
+31 65 31 47 460
t.p.m.gordijn@eneco.nl

Gasunie Zuidwending Communications department
Eleanor Hyde
+31 6 3103 7101
press@gasunie.nl

NOTES TO EDITORS

About Abu Dhabi National Energy Company PJSC (TAQA)

In the Netherlands our established gas storage business includes operating the Alkmaar Peak Gas Installation (PGI). With our partner EBN, a company with the Dutch State as its sole shareholder, we are also developing the Bergermeer Gas Storage facility. This will make a major contribution to the security of gas supply to Northwest Europe, and provide a strong base for the Northwest European gas hub.

Established in 2005, TAQA’s entrepreneurial culture has laid the foundations for long-term sustainable growth building on its commitment to people, safety and the environment.

For more information: www.taqaglobal.com / www.bergermeergasstorage.com

About Eneco Gasspeicher B.V.

Energy company Eneco (www.eneco.nl) produces, trades and supplies energy (electricity, gas and heating & cooling) and implements sustainable energy solutions. Eneco’s ambition is to achieve “sustainable energy for everyone”. In cooperation with partners, Eneco invests in sustainable energy sources such as wind, hydro and solar energy, biomass, heating & cooling and decentralised, local generation of energy. Eneco is active in the North West European market with operations in Belgium, France, Germany and the United Kingdom. Eneco is mission partner of the World Wildlife Fund (WWF) and the world’s first energy company to participate in the international Climate Saver programme. In total, Eneco serves approximately two million business and domestic customers with energy for daily life and work. The company has approximately 3,700 employees. The head office is located in Rotterdam.

About Gasunie Zuidwending B.V.

Gasunie Zuidwending B.V. is the owner and operator of the underground storage facility at Zuidwending. The company is a 100% owned subsidiary of Gasunie and it provides services to third parties, to enable them to respond quickly and flexibly to temporary differences between supply and demand for natural gas. Gasunie is responsible for the management and maintenance of the installation.

TAQA Selects Navita Commodity Trading and Risk Management System for Bergermeer Gas Storage 27 Sep 2011
Abu Dhabi, UAE - Abu Dhabi National Energy Company PJSC (TAQA), a global energy company majority owned by the Abu Dhabi Government, today announced selecting the Navita Systems AS

Abu Dhabi, UAE - Abu Dhabi National Energy Company PJSC (TAQA), a global energy company majority owned by the Abu Dhabi Government, today announced selecting the Navita Systems AS Pomax enterprise-class commodity trading and risk management (ECTRM) solution for TAQA’s Bergermeer Gas Storage in the Netherlands.

TAQA will utilise Pomax ECTRM for all front, mid and back-office activities related to gas trading and nominations at the Title Transfer Facility (TTF), the virtual trading point for natural gas in the Netherlands, and the Bergermeer Gas Storage flange.

TAQA plans to become a gas shipper with programme responsibility in early 2012 to support the execution of transactions for purposes related to Bergermeer Gas Storage operations. TAQA Gas Storage B.V, the contracting party for all Bergermeer Gas Storage operations, will not trade gas stored in Bergermeer Gas Storage for its own account.

Knut Johansen, CEO, Navita Systems AS, said: “This contract with TAQA testifies once again the position of Pomax ECTRM as a market-leading solution for managing the combination of standard trades, complex bilaterals and for managing physical gas contracts. On a personal note I am also happy to see that our intensive investments in Pomax the last two years are being appreciated by the European and the global wholesale gas markets. We are proud to have a global energy company such as TAQA become a customer.”

TAQA is currently offering a total of 11 TWh of storage capacity for periods of between 4 and 10 years in the 2011 Open Season. The start date of the capacity is April 2015 with partial capacity being offered between April 2014 and March 2015. Winning bids will be announced in December 2011.

The Bergermeer Gas Storage project will create Europe’s largest open access gas storage facility. In total, the facility will provide 46 TWh (4.1 billion cubic metres) of seasonal flexibility and almost double the Netherlands' existing underground natural gas storage capacity. The project plays an important role in the Dutch security of gas supply and the Dutch ambition to develop the gas hub for Northwest Europe. Commercial operations are expected to start in 2014 with full capacity being offered to the market in 2015.

TAQA received the final approvals and permits to construct and operate the facility in May 2011 following parliamentary debates in which a large majority of the Dutch national parliament approved the project. The permits were officially published allowing all stakeholders to file appeals at the Council of State. In August 2011, the Council of State suspended the permits for Bergermeer Gas Storage until the Council has come to its final verdict. TAQA expects the permits to become irrevocable following the Council’s final verdict in early 2012.

- ENDS -

Contact:

TAQA Media Relations
Allan Virtanen
Group Corporate Communications Advisor
Tel.: +31 70 33 37 500
Mob.: +31 64 61 47 448
E-mail: allan.virtanen@taqaglobal.com
www.taqaglobal.com

Navita Systems
Anette Nordskog
EVP and Head of Business Development
Tel.: +47 959 35 708
E-mail: anette.nordskog@navita.com
www.navita.com

About TAQA

Abu Dhabi National Energy Company (TAQA) is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange. Our main activities include our oil and gas business, power generation and water desalination across four continents.

We are the sixth-largest independent power producer in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in the Emirate of Abu Dhabi. Our power plants are located in the United Arab Emirates, Morocco, Saudi Arabia, Ghana, India, and the United States.

With operations in the UK, the Netherlands, the United States and Canada, our oil and gas business includes exploration and production, gas storage and pipeline transportation.

In the Netherlands our established gas storage business includes operating the Alkmaar Peak Gas Installation (PGI). With our partner EBN, an independent company with the Dutch State as its sole shareholder, we are also developing the Bergermeer Gas Storage facility. This will make a major contribution to the security of gas supply to Northwest Europe, and provide a strong base for the Northwest European Gas Hub.

Our entrepreneurial culture, along with a commitment to people, safety and the environment, has created strong foundations for the long-term sustainable growth of our business.

About Bergermeer Gas Storage

The Bergermeer Gas Storage project will create Europe’s largest open access gas storage facility. Bergermeer will provide the Northwest European gas market with 46 TWh (4.1 BCM) of seasonal storage, thereby almost doubling the Netherlands’ total storage capacity and adding an alternative source of flexibility on the TTF.

The depleted Bergermeer reservoir has the ideal geological characteristics for gas storage and is in a strategically excellent location: well connected to the gas transport network, close to major cities and industrial centres and only 20 km from the BBL pipeline transporting gas between the Netherlands and the UK.

TAQA (operator) and EBN hold 60% and 40% stakes in the Bergermeer Gas Storage project respectively. The design and construction of the facility require a total investment of EUR 800 million and involves drilling 14 high capacity storage wells, building a gas treatment plant and laying almost 40 km of pipeline.

As part of the realisation of this project, an agreement with Gazprom Group, one of the world’s largest energy companies, was made in 2009 as a result of an open season procedure. For delivering the required 48.5 TWh of cushion gas to pressurise the reservoir and make commercial operations possible, Gazprom group will receive a minority share of the storage capacity and an interest in the technical operatorship of the facility.

Bergermeer is an open access gas storage. The majority of the storage capacity will be made available to the market via negotiated Third Party Access (TPA). The TPA capacity will be marketed via TAQA Gas Storage BV on both a longer-term basis and via annual auctions.

About Navita Systems

Navita is a leading provider of technology solutions to the energy and wider commodity trading industries. Navita’s Pomax suite delivers market analysis, trading, risk management, logistics, and settlement solutions for both physical and financial market participants and central marketplaces across a wide array of commodity classes. Navita is the continuation of more than 15 years experience within the field of system solutions and services. Navita has its head office in Norway and also has regional offices in London, Edinburgh, Frankfurt, Toronto, Houston, and Los Angeles. More than 100 installations worldwide rely on Navita’s Pomax product in their daily trading operations. Pomax customers include E.ON, Centrica, EDF Trading, Statkraft, Shell, and Bruce Power.

TAQA and Energy Delta Institute Partner to Develop Dutch Gas Hub 22 Sep 2011
TAQA (Abu Dhabi National Energy Company PJSC), a global energy company majority owned by the Abu Dhabi Government, is the latest associate partner to join the internationally renowned Energy Delta Institute (EDI) in a strategic partnership

Abu Dhabi, United Arab Emirates / Groningen, the Netherlands - TAQA (Abu Dhabi National Energy Company PJSC), a global energy company majority owned by the Abu Dhabi Government, is the latest associate partner to join the internationally renowned Energy Delta Institute (EDI) in a strategic partnership. The partnership contract is signed by TAQA's Managing Director for the Netherlands, Mr Jan Willem van Hoogstraten and President of EDI, Mr Eric Dam.

The objective of the strategic partnership is to develop the Netherlands' position in becoming the gas hub of Northwest Europe by addressing the threat of a growing shortage of qualified personnel in the natural gas industry. TAQA and EDI will develop and exchange knowledge and expertise in the challenges associated with the natural gas industry. TAQA will also receive access to staff development and join a growing platform of other EDI partners and international knowledge institutes.

Jan Willem van Hoogstraten, TAQA's Managing Director for the Netherlands, said: "TAQA is committed to develop the Netherlands into the Northwest European gas hub and has chosen the country as its global centre of excellence for natural gas storage and transmission developments and operations. TAQA's Bergermeer Gas Storage is a concrete example of TAQA' commitment to this endeavour. In addition to creating more than 2,600 man-years of employment in the Netherlands, the amount of storage capacity will cement the Netherlands' role as the gas hub for Northwest Europe."

Eric Dam, President of EDI, said: "Partnering with a global energy company such as TAQA will allow us to significantly expand our knowledge network. TAQA will without any doubt considerably contribute to EDI's effort to educate the current and future energy manager. We are very happy to welcome TAQA as an associate partner.”

TAQA's long-term investments in the Netherlands' strategic energy infrastructure are already a major contributor to the development of the country's ambition in becoming the Northwest European gas hub. TAQA's Bergermeer Gas Storage will almost double the Netherlands' existing underground natural gas storage capacity providing security of supply and the flexibility required for a properly functioning gas market. The Bergermeer Gas Storage project will, as part of the gas hub, provide a long-term stimulus for the Dutch economy. The construction of Bergermeer Gas Storage will create 3,300 man-years of new work of which 2,650 will be in the Netherlands. The Dutch gas hub will generate EUR 21 Billion of additional economic activity up to 2020 and more than 13,000 additional jobs.

EDI is an internationally renowned energy business school, with a primary focus on natural gas. EDI’s main objective is to contribute to the professional development of current and future energy managers. EDI coordinates research projects and organizes training programmes with a focus on the economic, management, legal and geopolitical aspects of the energy business. Other EDI partners include: N.V. Nederlandse Gasunie, GasTerra B.V, OA Gazprom, University of Groningen, Shell, DONG energy, Essent and EBN.

For more information:

Energy Delta Institute Media Relations:
Renate Meijering
PR & Communications Manager
+31 (0) 50 524 8314
meijering@energydelta.nl
www.energydelta.org

TAQA Media Relations:
Allan Virtanen
Group Corporate Communications Advisor
+31 64 61 47 448
allan.virtanen@taqaglobal.com
www.taqaglobal.com

Bergermeer Gas Storage Continues 2011 Open Season 19 Aug 2011
The Hague, the Netherlands – Abu Dhabi National Energy Company PJSC (TAQA) today announced that the Open Season for Bergermeer Gas Storage Launching Customers will continue according to schedule in 2011.

The Hague, the Netherlands – Abu Dhabi National Energy Company PJSC (TAQA) today announced that the Open Season for Bergermeer Gas Storage Launching Customers will continue according to schedule in 2011.

This announcement follows a ruling on August 8, 2011 by the Netherlands Council of State suspending site preparation activities for Bergermeer Gas Storage until all appeals regarding the National Zoning Plan have been resolved. The final verdict of the Council of State is expected early 2012.

In 2011, as planned, Bergermeer Gas Storage intends to award up to 11.3 TWh of storage capacity to launching customers for periods of 4 to 10 years, beginning in 2014. An additional open season for longer-term storage capacity starting 2015 will be held in 2012.

The project partners TAQA and EBN are confident that the National Zoning Plan will be upheld in the final appeal decision by the Council of State.

Carl Sheldon, General Manager and Member of the Board of Directors, TAQA said: “Our long-term investment in Bergermeer underpins our ambition to become a major contributor to the establishment of the Northwest European gas hub in the Netherlands. Bergermeer is not only crucial to the future of the Dutch economy but also to securing energy supplies for the entire Northwest European region.”

Jan Dirk Bokhoven, Chief Executive Officer of EBN said: “The ambition of the Dutch State is to have the Netherlands serve as a gas hub for the international transport of natural gas and as a distribution centre for Northwest Europe. EBN’s partnership with TAQA in Bergermeer Gas Storage is a prime example of how we actively support this energy policy. Our investment in Bergermeer Gas Storage will create economic and strategic advantages which will benefit Dutch society as a whole.”

The project has been approved by a large majority in the Dutch Parliament earlier this year following extensive discussions supported by public hearings including multiple subject matter experts. The final approvals and permits to construct and operate Bergermeer Gas Storage were received from the Minister of Economic Affairs, Agriculture & Innovation, Minister of Infrastructure & Environment and other authorities in May 2011.

Bergermeer Gas Storage will provide the Northwest European gas market with 46 TWh of seasonal storage, thereby almost doubling the Netherlands’ total storage capacity. Sufficient natural gas storage capacity is required to guarantee security of supply and ensure the flexibility required for a properly functioning gas market.

The project is one of the Netherlands’ largest private infrastructure projects and will, as part of the gas hub, provide a long-term stimulus for the Dutch economy. The construction of Bergermeer Gas Storage will create 3,300 man-years of new work of which 2,650 will be in the Netherlands. At its peak, the project will directly employ 1,200 workers on site in the Alkmaar region in the Netherlands.

- ENDS -

Contact:

TAQA Media Relations
Allan Virtanen
Group Corporate Communications Advisor
Tel.: +31 70 33 37 500
Mob.: +31 64 61 47 448
E-mail: allan.virtanen@taqaglobal.com
www.taqaglobal.com

Notes to editors:

About TAQA

Abu Dhabi National Energy Company (TAQA) is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange. Our main activities include our oil and gas business, power generation and water desalination across four continents.

We are the sixth-largest independent power producer in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in the Emirate of Abu Dhabi. Our power plants are located in the United Arab Emirates, Morocco, Saudi Arabia, Ghana, India, and the United States.

With operations in the UK, the Netherlands, the United States and Canada, our oil and gas business includes exploration and production, gas storage and pipeline transportation.

In the Netherlands our established gas storage business includes operating the Alkmaar Peak Gas Installation (PGI). With our partner EBN, an independent company with the Dutch State as its sole shareholder, we are also developing the Bergermeer Gas Storage facility. This will make a major contribution to the security of gas supply to Northwest Europe, and provide a strong base for the Northwest European Gas Hub.

Our entrepreneurial culture, along with a commitment to people, safety and the environment, has created strong foundations for the long-term sustainable growth of our business.

About Bergermeer Gas Storage

The Bergermeer Gas Storage project will create Europe’s largest open access gas storage facility. Bergermeer will provide the Northwest European gas market with 46 TWh (4.1 BCM) of seasonal storage, thereby almost doubling the Netherlands’ total storage capacity and adding an alternative source of flexibility on the TTF.

The depleted Bergermeer reservoir has the ideal geological characteristics for gas storage and is in a strategically excellent location: well connected to the gas transport network, close to major cities and industrial centres and only 20 km from the BBL pipeline transporting gas between the Netherlands and the UK.

TAQA (operator) and EBN hold 60% and 40% stakes in the Bergermeer Gas Storage project respectively. The design and construction of the facility require a total investment of EUR 800 million and involves drilling 14 high capacity storage wells, building a gas treatment plant and laying almost 40 km of pipeline.

As part of the realisation of this project, an agreement with Gazprom Group, one of the world’s largest energy companies, was made in 2009 as a result of an open season procedure. For delivering the required 48.5 TWh of cushion gas to pressurise the reservoir and make commercial operations possible, Gazprom group will receive a minority share of the storage capacity and an interest in the technical operatorship of the facility.

Bergermeer is an open access gas storage. The majority of the storage capacity will be made available to the market via negotiated Third Party Access (TPA). The TPA capacity will be marketed via TAQA Gas Storage BV on both a longer-term basis and via annual auctions.

TAQA awards contract to dutch frames for Bergermeer Gas Storage dew point correction units 21 Jun 2011
Abu Dhabi, UAE / Alphen aan de Rijn, the Netherlands - Abu Dhabi National Energy Company PJSC (TAQA) awarded the Dutch company, Frames Process Systems B.V. (Frames), a multi-million Euro contract for the delivery of the Dew Point Correction Units (DPCU) for Bergermeer Gas Storage in the Netherlands.

Abu Dhabi, UAE / Alphen aan de Rijn, the Netherlands - Abu Dhabi National Energy Company PJSC (TAQA) awarded the Dutch company, Frames Process Systems B.V. (Frames), a multi-million Euro contract for the delivery of the Dew Point Correction Units (DPCU) for Bergermeer Gas Storage in the Netherlands.

The scope of supply comprises the design engineering, procurement, manufacturing, prefabrication, inspection, testing, and supplying of the materials for two independent DPCUs. The process installation will include 12 state-of-the-art vertical Silica Gel adsorption towers positioned in two production trains. The DPCU will also include zero emission electrical heaters, heat exchangers and air-coolers. Frames will design and supply the complete process installation in segments which will be assembled on location in Alkmaar. Delivery of the DPCU is expected end 2012 / beginning 2013.

The DPCUs are a crucial element of the zero emission gas treatment and compression facility being built in Alkmaar. The units remove the heavier hydrocarbons and dry the natural gas before it is transferred to the Gas Transport Services (GTS) network for delivery to customers.

Jacques Melman, Managing Director Frames, commented: “After two years of international competition, we are extremely pleased with TAQA’s decision to award this major DPCU purchase order contract to Frames. TAQA continues to set stringent environmental requirements for the project and we believe their decision is testimony to our ability to supply technologies and products that minimise environmental impact during the production and operational stages. With an increasing public focus on environmental protection and sustainable technologies, the demand for cleaner and more efficient processing is growing rapidly.”

This contract follows a long-term partnership involving, among other TAQA oil and gas assets, the TAQA-operated Alkmaar Peak Gas Installation (PGI) in the Netherlands. TAQA’s PGI, operational since 1997, is an underground gas reservoir transformed to store and deliver gas to the Dutch national grid to meet additional consumer demand in the winter months.

The Bergermeer Gas Storage project will create Europe’s largest open access gas storage facility. Bergermeer Gas Storage will provide the Northwest European gas market with 46 TWh (4.1 billion cubic metres) of seasonal storage, thereby almost doubling the Netherlands’ total storage capacity. The project is one of the Netherlands’ largest infrastructure projects and will provide a long-term boost for the Dutch economy. The construction of Bergermeer Gas Storage will offer 3,300 man-years of employment of which 2,650 will be performed in the Netherlands.

TAQA received the final statutory approvals and permits to construct and operate the facility in May 2011. Bergermeer Gas Storage operations will start in 2013 with full commercial operations in 2014.

- ENDS -

Contact:

Frames
Sven Lap
Public Relations employee
Tel.: +31 (0)71 58 118 21
E-mail: s.lap@frames-group.com
www.frames-group.com

TAQA Media Relations
Allan Virtanen
Group Corporate Communications Advisor
Tel.: +31 64 61 47 448
E-mail: allan.virtanen@taqaglobal.com
www.taqaglobal.com

Notes to editors:

About TAQA

Abu Dhabi National Energy Company (TAQA) is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange. Our main activities include our oil and gas business, power generation and water desalination across four continents.

We are the sixth-largest independent power producer in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in the Emirate of Abu Dhabi. Our power plants are located in the United Arab Emirates, Morocco, Saudi Arabia, Ghana, India, and the United States.

With operations in the UK, the Netherlands, the United States and Canada, our oil and gas business includes exploration and production, gas storage and pipeline transportation.

In the Netherlands our established gas storage business includes operating the Alkmaar Peak Gas Installation (PGI). With our partner EBN, an independent company with the Dutch State as its sole shareholder, we are also developing the Bergermeer Gas Storage facility. This will make a major contribution to the security of gas supply to Northwest Europe, and provide a strong base for the Northwest European Gas Hub.

Our entrepreneurial culture, along with a commitment to people, safety and the environment, has created strong foundations for the long-term sustainable growth of our business.

About Frames

Since 1983, Frames has been designing and building technologically advanced high quality process and control systems for the international upstream oil & gas industry. Specialized in the design, fabrication, supply, installation and commissioning of complete systems for oil & gas treatment, separation, heat exchanging, flow control and safeguarding, we continuously expand our technologies as well as our customer base to include virtually all the major oil & gas (production) companies. Frames is privately owned and headquartered in The Netherlands with offices worldwide to better meet local customer demands. Our company mission is to deliver sustainable, reliable and high quality products, from single systems to complete integrated installations. An upfront and down to earth mentality has been, and will continue to be, a crucial quality of Frames. Combined with extensive project experience, know-how and state-of-the-art technologies we are capable of tackling the increasingly difficult challenges the oil & gas industry faces.

About Bergermeer Gas Storage

The Bergermeer Gas Storage project will create Europe’s largest open access gas storage facility. Bergermeer will provide the Northwest European gas market with 46 TWh (4.1 BCM) of seasonal storage, thereby almost doubling the Netherlands’ total storage capacity and adding an alternative source of flexibility on the TTF.

The depleted Bergermeer reservoir has the ideal geological characteristics for gas storage and is in a strategically excellent location: well connected to the gas transport network, close to major cities and industrial centres and only 20 km from the BBL pipeline transporting gas between the Netherlands and the UK.

TAQA (operator) and EBN hold 60% and 40% stakes in the Bergermeer Gas Storage project respectively. The design and construction of the facility require a total investment of EUR 800 million and involves drilling 14 high capacity storage wells, building a gas treatment plant and laying almost 40 km of pipeline.

As part of the realisation of this project, an agreement with Gazprom Group, one of the world’s largest energy companies, was made in 2009 as a result of an open season procedure. For delivering the required 48.5 TWh of cushion gas to pressurise the reservoir and make commercial operations possible, Gazprom group will receive a minority share of the storage capacity and an interest in the technical operatorship of the facility.

Bergermeer is an open access gas storage. The majority of the storage capacity will be made available to the market via negotiated Third Party Access (TPA). The TPA capacity will be marketed via TAQA Gas Storage BV on both a longer-term basis and via annual auctions.

TAQA Promotes Emirati Heritage And Culture In The Netherlands 16 Jun 2011
TAQA Sponors Emirates Heritage And Hosts Largest Dutch Trotting Race Of The Year

Abu Dhabi, UAE - Abu Dhabi National Energy Company PJSC (TAQA) today announced its sponsorship of the Emirates Race Day,

From right to left: Mr. Sami Jassim Al Boenain, Chairman of International Federation of Arabian Horse Racing Authorities; Mr. Jan Willem van Hoogstraten, Managing Director TAQA Netherlands; Mr. Morhaf Alassaf,  renowned photographer, H.E. Ali Thani Alsuwaidi, Ambassador of United Arab Emirates to the Kingdom of the Netherlands
Download image (Hi-resolution) download

IMAGE DETAILS

TAQA SPONSORS EMIRATES RACE DAY AND HOSTS LARGEST DUTCH TROTTING RACE OF THE YEAR

Caption: (from right to left) Mr. Sami Jassim Al Boenain, Chairman of International Federation of Arabian Horse Racing Authorities; Mr. Jan Willem van Hoogstraten, Managing Director TAQA Netherlands; Mr. Morhaf Alassaf, renowned photographer, H.E. Ali Thani Alsuwaidi, Ambassador of United Arab Emirates to the Kingdom of the Netherlands.

Abu Dhabi, UAE - Abu Dhabi National Energy Company PJSC (TAQA) today announced its sponsorship of the Emirates Race Day, adopting the patronage of the largest Trotting Race in the Netherlands, which is being held in The Hague on Sunday, 19 June 2011.

TAQA pledged a donation to the Dutch Arabian Horse Racing Committee and will host the ‘TAQA Great Prize of the Lowlands’ trotting race during the Emirates Race Day at the Duindigt Racecourse in The Hague. The ‘TAQA Great Prize of the Lowlands’ race will be broadcast live to the UAE by Abu Dhabi Sports TV. Trotting racing has been a very popular sport in the Netherlands for many centuries and the race is expected to attract more than 5,000 spectators.

The Emirates Race Day is being held as part of the Global Arabian Flat Racing Festival supported by H.H. Sheikh Mansour Bin Zayed Al Nahyan and H.H. Sheikha Fatima Bint Mubarak Al Ketbi and organised by Abu Dhabi Culture and Heritage and Abu Dhabi Sports Council.

To further increase awareness of Emirati culture and heritage within the Netherlands, TAQA is also sponsoring a pavilion for art exhibitions during the Emirates Race Day. The TAQA Pavilion will provide UAE artists a podium to present their exhibitions to the Dutch public, all of which depict Arab horses as part of their art.

H.E. Abdulla Saif Al Nuaimi, Chief Executive Officer and Managing Director of TAQA, said: “At TAQA, we recognise the importance of embracing and celebrating international cultures to help further our ties across our global network. The Emirates Race Day does just this and we are extremely proud to be sponsoring it.”

H.E. Ali Thani Alsuwaidi, Ambassador of United Arab Emirates to the Kingdom of the Netherlands, commented: “I am delighted that TAQA, as the largest UAE investor in the Netherlands, is committed to exhibiting the heritage and culture between the Netherlands and United Arab Emirates. The Emirates Race Day should be a spectacle for all visitors.”

To date, TAQA has completed acquisitions of more than US$2 billion in Europe, and is, together with its partner EBN, currently investing US$1.2 billion in the construction and design of Bergermeer Gas Storage in the Netherlands. The project is one of the Netherlands’ largest infrastructure projects and will increase the Netherlands’ security of energy supply and provide a positive long-term boost for the Dutch economy.

- ENDS -

TAQA Media Relations
Abu Dhabi:
Tanis Thacker
Head of Corporate Communications and Investor Relations
+971 2 691 4933
tanis.thacker@taqaglobal.com

The Netherlands:
Allan Virtanen
Group Corporate Communications Advisor
+31 64 61 47 448
allan.virtanen@taqaglobal.com

Capital MSL:
UAE – Campbell Hood / Maram Alkadhi on +971 4 367 6160

NOTES TO EDITORS

Abu Dhabi National Energy Company (TAQA)

Abu Dhabi National Energy Company (TAQA) is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange. Our main activities include our oil and gas business, power generation and water desalination across four continents.

We are the sixth-largest independent power producer in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in the Emirate of Abu Dhabi. Our power plants are located in the United Arab Emirates, Morocco, Saudi Arabia, Ghana, India, and the United States.

With operations in the UK, the Netherlands, the United States and Canada, our oil and gas business includes exploration and production, gas storage and pipeline transportation.

In the Netherlands our established gas storage business includes operating the Alkmaar Peak Gas Installation (PGI). With our partner EBN, an independent company with the Dutch State as its sole shareholder, we are also developing the Bergermeer Gas Storage facility. This will make a major contribution to the security of gas supply to Northwest Europe, and provide a strong base for the Northwest European Gas Hub.

Our entrepreneurial culture, along with a commitment to people, safety and the environment, has created strong foundations for the long-term sustainable growth of our business.

www.taqaglobal.com

MAN to deliver compression technology for Bergermeer Gas Storage 8 Jun 2011
TAQA awarded MAN Diesel & Turbo Schweiz AG (MAN) a multi-million Euro contract for delivery of the compression technology for Bergermeer Gas Storage in Alkmaar, the Netherlands.

Abu Dhabi National Energy Company PJSC (TAQA) awarded MAN Diesel & Turbo Schweiz AG (MAN) a multi-million Euro contract for delivery of the compression technology for Bergermeer Gas Storage in Alkmaar, the Netherlands.

The scope of delivery comprises six fully integrated, skid mounted high frequency motor-compressor systems, providing emission-free and highly efficient operation. Each 13 MW motor-compressor unit, with a weight of more than 80 metric tonnes, consists of a tandem compressor arrangement, generating a flow of 540,000 cubic metres gas per hour.

The complete rotating assembly levitates in magnetic bearings and is installed in a hermetically sealed housing, thus eliminating the need for shaft seals and, as a result, emissions to the atmosphere. The entire unit is oil-free and creates no gas emissions, thereby fulfilling stringent environmental requirements set by TAQA. The unit will be part of the state-of-the-art zero emission gas treatment and compression facility being built in Alkmaar, the Netherlands.

Dr. Uwe Lauber, President of MAN Diesel & Turbo Schweiz AG says: "I am pleased with TAQA´s decision to opt for the MAN solution - we proudly recognise the growing interest in our eco-friendly and efficient integrated high-speed compressors within the oil and gas industries."

The Bergermeer Gas Storage project will create Europe’s largest open access gas storage facility. Bergermeer Gas Storage will provide the Northwest European gas market with 46 TWh (4.1 billion cubic metres) of seasonal storage, thereby almost doubling the Netherlands’ total storage capacity.

TAQA received the final statutory approvals and permits to construct and operate the facility in May 2011. Bergermeer Gas Storage operations will start in 2013 with full commercial operations in 2014.

- ENDS -

CONTACT:

MAN Diesel & Turbo SE Media Relations
Christoph Speckamp
Head of Corporate Communications & Public Affairs
Tel.: +49 208 692 9569
christoph.speckamp@man.eu
www.mandieselturbo.com

TAQA Media Relations
Allan Virtanen
Group Corporate Communications Advisor
+31 64 61 47 448
allan.virtanen@taqaglobal.com
www.taqaglobal.com

NOTES TO EDITORS

About MAN Diesel & Turbo

MAN Diesel & Turbo SE, based in Augsburg, Germany, is the world’s leading provider of large-bore diesel engines and turbomachinery for marine and stationary applications. It designs two-stroke and four-stroke engines that are manufactured both by the company and by its licensees. The engines have power outputs ranging from 450 kW to 87 MW. MAN Diesel & Turbo also designs and manufactures gas turbines of up to 50 MW, steam turbines of up to 150 MW and compressors with volume flows of up to 1.5 million m³/h and pressures of up to 1,000 bar. The product range is rounded off by turbochargers, CP propellers, gas engines and chemical reactors. MAN Diesel & Turbo’s range of goods includes complete marine propulsion systems, turbomachinery units for the oil & gas as well as the process industries and turnkey power plants. Customers receive worldwide after-sales services marketed under the MAN PrimeServ brand. The company employs around 12,500 staff at more than 100 international sites, primarily in Germany, Denmark, France, Switzerland, the Czech Republic, Italy, India and China. MAN Diesel & Turbo is a company of the Power Engineering business area of MAN SE, which is listed on the DAX share index of the 30 leading companies in Germany.

About TAQA

Abu Dhabi National Energy Company (TAQA) is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange. Our main activities include our oil and gas business, power generation and water desalination across four continents.

We are the sixth-largest independent power producer in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in the Emirate of Abu Dhabi. Our power plants are located in the United Arab Emirates, Morocco, Saudi Arabia, Ghana, India, and the United States.

With operations in the UK, the Netherlands, the United States and Canada, our oil and gas business includes exploration and production, gas storage and pipeline transportation.

In the Netherlands our established gas storage business includes operating the Alkmaar Peak Gas Installation (PGI). With our partner EBN, an independent company with the Dutch State as its sole shareholder, we are also developing the Bergermeer Gas Storage facility. This will make a major contribution to the security of gas supply to Northwest Europe, and provide a strong base for the Northwest European Gas Hub.

Our entrepreneurial culture, along with a commitment to people, safety and the environment, has created strong foundations for the long-term sustainable growth of our business.

About Bergermeer Gas Storage

The Bergermeer Gas Storage project will create Europe’s largest open access gas storage facility. Bergermeer will provide the Northwest European gas market with 46 TWh (4.1 BCM) of seasonal storage, thereby almost doubling the Netherlands’ total storage capacity and adding an alternative source of flexibility on the TTF.

The depleted Bergermeer reservoir has the ideal geological characteristics for gas storage and is in a strategically excellent location: well connected to the gas transport network, close to major cities and industrial centres and only 20 km from the BBL pipeline transporting gas between the Netherlands and the UK.

TAQA (operator) and EBN hold 60% and 40% stakes in the Bergermeer Gas Storage project respectively. The design and construction of the facility require a total investment of EUR 800 million and involves drilling 14 high capacity storage wells, building a gas treatment plant and laying almost 40 km of pipeline.

As part of the realisation of this project, an agreement with Gazprom group, one of the world’s largest energy companies, was made in 2009 as a result of an open season procedure. For delivering the required 48.5 TWh of cushion gas to pressurise the reservoir and make commercial operations possible, Gazprom group will receive a minority share of the storage capacity and an interest in the technical operatorship of the facility.

Bergermeer is an open access gas storage meaning that the majority of the storage capacity will be made available to the market via negotiated Third Party Access (TPA). The TPA capacity will be marketed via TAQA Gas Storage BV on both a longer-term basis and via annual auctions.

Gazprom and TAQA welcome Bergermeer Gas Storage permits’ 20 May 2011
Gazprom Export and TAQA welcome official publication of all required statutory approvals and permits to construct and operate the Bergermeer Gas Storage facility. The statutory approvals and permits were signed by Maxime Verhagen (Minister of Economic Affairs, Agriculture and Innovation), Melanie Schultz van Haegen (Minister of Infrastructure and the Environment) and other relevant authorities in the Netherlands.

Gazprom Export and TAQA welcome official publication of all required statutory approvals and permits to construct and operate the Bergermeer Gas Storage facility. The statutory approvals and permits were signed by Maxime Verhagen (Minister of Economic Affairs, Agriculture and Innovation), Melanie Schultz van Haegen (Minister of Infrastructure and the Environment) and other relevant authorities in the Netherlands.

Bergermeer Gas Storage operations will start in 2013 with full commercial operations in 2014. Bergermeer Gas Storage will almost double the Netherlands’ total storage capacity.

Bergermeer has a strategic location that allows ensuring the operation of the Nord Stream gas pipeline and continuity of gas supplies to the customers in Northwest Europe. In exchange for delivering cushion gas in order to pressurise the reservoir and make commercial operations possible Gazprom Group will receive a share in working capacity and participating interest in the technical operator of the facility. A successful implementation of the project will help Gazprom Group storage capacity in Europe reach 4.9 bcm of storage capacity by 2015.

“Bergermeer Gas Storage will ensure security of Gazprom supplies to Europe under long term contracts as well as safe technical operation of the Nord Stream pipeline,” said Vladimir Khandokhin, Head of Department of Logistics and Gas Procurement, Gazprom Export LLC.

“The cooperation with Gazprom in our development of Bergermeer Gas Storage is not only advantageous to our joint aspirations for security of supply in Northwest Europe, but provides the foundation for exploring further joint opportunities," said David Cook, Executive Officer and Head of Oil & Gas, Abu Dhabi National Energy Company PJSC (TAQA).

NOTES TO EDITORS

Gazprom Export

Gazprom Export is a 100 per cent subsidiary of Gazprom, which specializes in natural gas delivery to foreign countries. Its product portfolio also includes oil and oil products, gas condensate, sulfur, liquefied hydrocarbon gases, black carbon and oil & gas chemicals. Germany, Turkey, Italy, France and Poland are among its main customers. Gazprom Export also operates in new fields, is actively mastering markets in other continents, primarily in Asia.

Abu Dhabi National Energy Company (TAQA)

Abu Dhabi National Energy Company (TAQA) is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange. Its main activities include oil and gas business, power generation and water desalination across four continents.

Bergermeer Gas Storage

The Bergermeer Gas Storage project will create Europe’s largest open access gas storage facility. Bergermeer will provide the Northwest European gas market with 46 TWh of seasonal storage, thereby almost doubling the Netherlands’ total storage capacity and adding an alternative source of flexibility on the TTF.

The depleted Bergermeer reservoir has the ideal geological characteristics for gas storage and is in a strategically excellent location: well connected to the gas transport network, close to major cities and industrial centres and only 20 km from the BBL pipeline transporting gas between the Netherlands and the UK.

TAQA (operator) and EBN hold 60% and 40% stakes in the Bergermeer Gas Storage project respectively. The design and construction of the facility require a total investment of EUR 800 million and involves drilling 14 high capacity storage wells, building a gas treatment plant and laying almost 40 km of pipeline.

11.3 TWh of long-term capacity (4 to 10 years) is intended to be awarded to the customers in November 2011 as a result of open season procedure. The remaining available capacity will be auctioned on an annual basis with the first auction taking place close to the start of commercial operations.

Bergermeer is an open access gas storage meaning that the majority of the storage capacity will be made available to the market via negotiated Third Party Access (TPA). The TPA capacity will be marketed via TAQA Gas Storage BV on both a longer-term basis and via annual auctions.

- ENDS -

Contact Information for Media:

Allan Virtanen
TAQA Media Relations, Abu Dhabi
Tel +971 2 691 4894; Mob +971 56 685 2717
Allan.Virtanen@taqaglobal.com

Final Bergermeer Gas Storage Permits and Approvals Received 17 May 2011
ABU DHABI, UAE – Abu Dhabi National Energy Company PJSC (TAQA) today announced that all required statutory approvals and permits to construct and operate the Bergermeer Gas Storage facility in the Netherlands have been signed by the Minister of Economic Affairs, Agriculture & Innovation, Minister of Infrastructure & Environment and other authorities. The statutory notices have been published in local newspapers today and will be published in the State Gazette on 19 May.

Open Season for Longer-Term Gas Storage Capacity Launched

ABU DHABI, UAE – Abu Dhabi National Energy Company PJSC (TAQA) today announced that all required statutory approvals and permits to construct and operate the Bergermeer Gas Storage facility in the Netherlands have been signed by the Minister of Economic Affairs, Agriculture & Innovation, Minister of Infrastructure & Environment and other authorities. The statutory notices have been published in local newspapers today and will be published in the State Gazette on 19 May.

Bergermeer Gas Storage operations will start in 2013 with full commercial operations in 2014. Bergermeer Gas Storage will provide the Northwest European gas market with 46 TWh (4.1 billion cubic metres) of seasonal storage, thereby almost doubling the Netherlands’ total storage capacity.

“With the open access Bergermeer Gas Storage facility, we are creating the pivot for the success of the Northwest European gas hub in the Netherlands. Sufficient natural gas storage capacity guarantees security of supply and ensures the flexibility required for a properly functioning market.” said Jan Willem van Hoogstraten, Managing Director TAQA Energy B.V.

As an open access gas storage facility, Bergermeer Gas Storage will offer a majority of its total storage capacity to the market. Initially up to 11.3 TWh is being offered for periods of 4 to 10 years as part of the open season launched at the Flame Gas Conference in Amsterdam on 10 May 2011. This longer-term capacity is intended to be awarded to the launching customers in November 2011. The remaining available capacity will be auctioned on an annual basis with the first auction taking place close to the start of commercial operations.

- ENDS -

CONTACT TAQA:

TAQA Media Relations

Allan Virtanen
Group Corporate Communications Advisor
+31 64 61 47 448
allan.virtanen@taqaglobal.com

NOTES TO EDITORS

Abu Dhabi National Energy Company (TAQA)

Abu Dhabi National Energy Company (TAQA) is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange. Our main activities include our oil and gas business, power generation and water desalination across four continents.

We are the sixth-largest independent power producer in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in the Emirate of Abu Dhabi. Our power plants are located in the United Arab Emirates, Morocco, Saudi Arabia, Ghana, India, and the United States.

With operations in the UK, the Netherlands, the United States and Canada, our oil and gas business includes exploration and production, gas storage and pipeline transportation.

In the Netherlands our established gas storage business includes operating the Alkmaar Peak Gas Installation (PGI). With our partner EBN, an independent company with the Dutch State as its sole shareholder, we are also developing the Bergermeer Gas Storage facility. This will make a major contribution to the security of gas supply to Northwest Europe, and provide a strong base for the Northwest European Gas Hub.

Our entrepreneurial culture, along with a commitment to people, safety and the environment, has created strong foundations for the long-term sustainable growth of our business.

Bergermeer Gas Storage

The Bergermeer Gas Storage project will create Europe’s largest open access gas storage facility. Bergermeer will provide the Northwest European gas market with 46 TWh (4.1 BCM) of seasonal storage, thereby almost doubling the Netherlands’ total storage capacity and adding an alternative source of flexibility on the TTF.

The depleted Bergermeer reservoir has the ideal geological characteristics for gas storage and is in a strategically excellent location: well connected to the gas transport network, close to major cities and industrial centres and only 20 km from the BBL pipeline transporting gas between the Netherlands and the UK.

TAQA (operator) and EBN hold 60% and 40% stakes in the Bergermeer Gas Storage project respectively. The design and construction of the facility require a total investment of EUR 800 million and involves drilling 14 high capacity storage wells, building a gas treatment plant and laying almost 40 km of pipeline.

As part of the realisation of this project, an agreement with Gazprom group, one of the world’s largest energy companies, was made in 2009 as a result of an open season procedure. For delivering the required 48.5 TWh of cushion gas to pressurise the reservoir and make commercial operations possible, Gazprom group will receive a minority share of the storage capacity and an interest in the technical operatorship of the facility.

Bergermeer is an open access gas storage meaning that the majority of the storage capacity will be made available to the market via negotiated Third Party Access (TPA). The TPA capacity will be marketed via TAQA Gas Storage BV on both a longer-term basis and via annual auctions.

TAQA announces appointment of new Bergermeer Gas Storage Project Director 14 Dec 2010
TAQA today announced that Ben Teuben has been appointed as Project Director, Bergermeer Gas Storage effective 1 January 2011.

Abu Dhabi, UAE Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), today announced that Ben Teuben has been appointed as Project Director, Bergermeer Gas Storage effective 1 January 2011.

In this role, Ben will be managing the development of the TAQA-operated Bergermeer Gas Storage project in the Netherlands. Ben will replace Jan Willem van Hoogstraten who was appointed Managing Director of TAQA’s Netherlands subsidiary TAQA Energy BV in August 2010 after heading up the Bergermeer Gas Storage project since January 2008.

Ben has been involved in the development of several underground gas storage projects in Europe and is currently Business Line Manager at EBN. EBN is an independent company with the Dutch state as its sole shareholder. The company participates on behalf of the Dutch state in most gas production ventures in the Netherlands and participates in the Bergermeer Gas Storage project with a 40% stake.

“I am delighted to see Ben join TAQA. Ben is an industry expert with first-hand experience from developing several European underground gas storage projects. Coupled with his broad experience from the energy industry, relationships with the Dutch state and his proven leadership skills, Ben is the right choice for Director of this significant project,” said Jan Willem van Hoogstraten, Managing Director TAQA Energy BV.

Bergermeer Gas Storage will be Europe’s largest third party access gas storage facility with an initial working volume of 4.1 billion cubic metres. The storage will significantly enhance the security of energy supply to Dutch and European consumers and contribute to the liquidity of the Northwest European gas markets.

- ENDS -

CONTACT TAQA:

TAQA Media Relations

Allan Virtanen
Group Corporate Communications Advisor
+ 31 64 61 47 448
allan.virtanen@taqaglobal.com

NOTES TO EDITORS

Abu Dhabi National Energy Company (TAQA)

Abu Dhabi National Energy Company (TAQA) is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange. Our activities include oil and gas, power generation and water desalination across five continents.

With operations in the UK, the Netherlands and North America, our oil and gas business includes exploration and production, storage and pipelines. We produce almost 137,000 barrels of oil equivalent per day in the North Sea and North America, as well as operating and developing extensive gas storage facilities in the Netherlands.

TAQA Power and Water operates in 11 countries; the United Arab Emirates, Morocco, Saudi Arabia, Ghana, India, Oman, Curacao, the Bahamas, Trinidad and Tobago, Jamaica and the United States. TAQA is the majority owner in the facilities that provide 98% of the water and electricity requirements in the Emirate of Abu Dhabi. Our combined power capacity equates to 13,729 MW and 594 MIG/d of desalinated water capacity.

Established in 2005, our entrepreneurial culture has laid the foundations for long-term sustainable growth building on our commitment to people, safety and the environment.

For further information, please visit: www.taqaglobal.com

Bergermeer Gas Storage

Bergermeer Gas Storage will be Europe’s largest third party access gas storage facility with an initial working volume of 4.1 billion cubic metres. The storage will significantly enhance the security of energy supply to Dutch and European consumers and contribute to the liquidity of the Northwest European gas markets. Consequently, the project is an essential component of the Dutch Government’s ambition to realise the Northwest European Gas Hub in the Netherlands.

Dutch State participant EBN holds a 40% stake in the project and is planning, together with TAQA, to invest EUR 800 million in the construction and design of the gas storage facility. Gazprom, the world’s largest gas company, is a partner in the project and will provide cushion gas for injection into the Bergermeer reservoir.

For further information, please visit: www.gasstoragebergermeer.com

Ben Teuben

Ben Teuben has worked in the energy industry for more than twenty years and has been involved in the development of several underground gas storage projects in Europe.

Since 2006 Ben has been employed by Dutch State-owned EBN as business line manager responsible for the company’s onshore and offshore participations.

Following his military service as a platoon commander for the Royal Netherlands Army Engineers Corps in Germany, Ben started his career as reservoir engineer in 1988 at Wintershall before moving to Clyde Petroleum. In 1997 Ben joined the energy trading industry as gas strategy consultant and operations manager working for several smaller joint ventures.

In 2001 Ben moved to Dutch energy company Nuon to head the development of the Zuidwending underground gas storage project in the Netherlands with partners Akzo Salt and Gasunie. Ben was also involved in developing Nuon’s Epe underground gas storage project in Germany as technical manager.

Ben, who is married to his wife Monique and has two children, is a petroleum and reservoir engineering graduate from Delft University of Technology. He also holds an MBA from Webster University Leiden in the Netherlands.

TAQA Announces Restart of North Sea Rijn Oil Production 24 Nov 2010
TAQA announced the successful restart of crude oil production from the Rijn field offshore the Netherlands, 12 years after being shut down.

Abu Dhabi, UAE – Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), today announced the successful restart of crude oil production from the Rijn field offshore the Netherlands, 12 years after being shut down.

TAQA applied recent advances in technology to create the restart option in the Rijn field which it acquired in 2007. The project involved workovers on five oil producing wells, five water injection wells and an upgrade of the TAQA-operated P15-C offshore facilities. All produced water is now re-injected into the reservoir and production is enhanced with newly installed Electrical Submersible Pumps (ESPs).

Jan Willem van Hoogstraten, Managing Director of TAQA Energy said: "We are proud to have successfully restarted oil production from Rijn 25 years after the first start-up in 1985 and in less than four years after acquiring the asset. This has been an excellent demonstration of our expertise in using new technology to develop mature upstream assets, and a story of initiative, innovation and teamwork that underlies what can be achieved. The support of our partners was key in initialising the Rijn redevelopment and unlocking good quality Rijn oil reserves.”

TAQA has a 38.27% operating interest in the Rijn field. The field is situated in Block P15, 40 kilometres northwest of the Port of Rotterdam in 25 metres (82 feet) of water. The Rijn wells are connected to the TAQA-operated P15-ACD offshore production and processing facilities. Crude oil production is exported to the Port of Rotterdam via pipeline. The current production rate from the Rijn field is approximately 3,500 barrels of oil per day.

Other partners in the project are Dyas BV, 45.69%; Oranje Nassau Energie BV 14.19% and Wintershall Noordzee BV 1.84%.

- ENDS -

CONTACT TAQA:

TAQA Media Relations

Allan Virtanen
Group Corporate Communications Advisor
+ 31 64 61 47 448
allan.virtanen@taqaglobal.com

TAQA Investor Relations

Mohammed Mubaideen
Investor Relations Manager
+971 2 691 4964
mohammed.mubaideen@taqaglobal.com

NOTES TO EDITORS

About TAQA

TAQA is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange.

Its activities include oil and gas, power generation and water desalination across five continents. With operations in the UK, the Netherlands and North America, our oil and gas business includes exploration and production, storage and pipelines. It produces almost 137,000 barrels of oil equivalent per day in the North Sea and North America, as well as operating and developing extensive gas storage facilities in the Netherlands.

Its power plants are located in the United Arab Emirates, Morocco, Saudi Arabia, Ghana, India, the Caribbean and the United States. TAQA is the majority owner in the facilities that provide 98% of the water and electricity requirements in the Emirate of Abu Dhabi.

Established in 2005, TAQA’s entrepreneurial culture has laid the foundations for long-term sustainable growth building on its commitment to people, safety and the environment.

TAQA increases equity in flagship Bergermeer Gas Storage project 25 Aug 2010
TAQA signed for the transfer of a 24% stake in the Bergermeer Gas Storage project

Abu Dhabi, UAE – Abu Dhabi National Energy Company PJSC (TAQA), a company listed on the Abu Dhabi Securities Exchange (ADX: TAQA), announced today the signing of agreements for the transfer of a 24% stake in the Bergermeer Gas Storage project previously owned by Dyas B.V. and Petro-Canada Netherlands B.V. to TAQA for an undisclosed amount.

The transfer is subject to the approval of the Netherlands Ministry of Economic Affairs. Upon completion of the transfer, the increase in equity will take TAQA's ownership of the project from 36% to 60%.

TAQA CEO H.E. Abdulla Saif Al-Nuaimi said: "We are proud to lead the development of this key European infrastructure project. As a long term investor, increasing our stake in the flagship Bergermeer project reflects our confidence in and commitment to gas storage in the Netherlands.”

The Bergermeer Gas Storage project is currently being developed according to schedule. Upon completion, the Bergermeer Gas Storage will be Europe’s largest third party access gas storage facility with an initial working volume of 4.1 billion cubic metres. The storage will significantly enhance the security of energy supply to Dutch and European consumers and contribute to the liquidity of the North-West European gas markets. Consequently, the project is an essential component of the Dutch Government’s ambition to realise the ‘gas roundabout of North-West Europe’ in the Netherlands.

Dutch State participant EBN holds a 40% stake in the project and is planning, together with TAQA, to invest EUR 800 million in the construction and design of the gas storage facility. Gazprom, the world’s largest gas company, is a partner in the project and will provide cushion gas for injection into the Bergermeer reservoir.

- ENDS -

CONTACT TAQA:

TAQA Media Relations

Allan Virtanen
Group Corporate Communications Advisor
+ 31 64 61 47 448
allan.virtanen@taqaglobal.com

TAQA Investor Relations

Tanis Thacker
Head of Investor Relations
+971 2 691 4933
tanis.thacker@taqaglobal.com

Mohammed Mubaideen
Investor Relations Manager
+971 2 691 4964
mohammed.mubaideen@taqaglobal.com

NOTES TO EDITORS

About TAQA

TAQA is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange.

Our activities include oil and gas, power generation and water desalination across five continents. With operations in the UK, the Netherlands and North America, our oil and gas business includes exploration and production, storage and pipelines. We produce more than 132,000 barrels of oil equivalent per day in the North Sea and North America, as well as operating and developing extensive gas storage facilities in the Netherlands.

Our power plants are located in the United Arab Emirates, Morocco, Saudi Arabia, Ghana, India, the Caribbean and the United States. TAQA is the majority owner in the facilities that provide 98% of the water and electricity requirements in the Emirate of Abu Dhabi.

Established in 2005, our entrepreneurial culture has laid the foundations for long-term sustainable growth building on our commitment to people, safety and the environment.

TAQA announces Netherlands Management Change 1 Jun 2010
Abu Dhabi, UAE – The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA) today announced that Paul van Gelder Managing Director of TAQA Energy B.V. and TAQA Europa B.V will be leaving the company effective from 31 August 2010.

Abu Dhabi, UAE – The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA) today announced that Paul van Gelder Managing Director of TAQA Energy B.V. and TAQA Europa B.V will be leaving the company effective from 31 August 2010.

Following his departure from TAQA, Paul will be moving to Dutch-based gas infrastructure company – Gasunie – as Chief Executive Officer. TAQA has embarked on the selection process for a successor.

"Paul has been a dedicated and skilled member of our management team and has been instrumental in establishing our European operations and flagship Bergermeer Gas Storage project. I wish Paul well with his new role", says TAQA CEO H.E. Abdulla Saif Al-Nuaimi.

- ENDS -

CONTACT TAQA:

TAQA Media Relations

Allan Virtanen

+ 31 64 61 47 448

allan.virtanen@taqaglobal.com

NOTES TO EDITORS

About TAQA

TAQA is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange.

Our activities include oil and gas, power generation and water desalination across five continents. With operations in the UK, the Netherlands and North America, our oil and gas business includes exploration and production, storage and pipelines. We produce almost 138,000 barrels of oil equivalent per day in the North Sea and North America, as well as operating and developing extensive gas storage facilities in the Netherlands.

Our power plants are located in the United Arab Emirates, Morocco, Saudi Arabia, Ghana, India, the Caribbean and the United States. TAQA is the majority owner in the facilities that provide 98% of the water and electricity requirements in the Emirate of Abu Dhabi.

Established in 2005, our entrepreneurial culture has laid the foundations for long-term sustainable growth building on our commitment to people, safety and the environ

Paul van Gelder, Managing Director, TAQA Europa and TAQA Energy

Paul van Gelder oversees TAQA’s European operations. He joined the firm from BP Nederland Energie. Prior to BP he held the position of Logistics Director at Driessen Aerospace Systems in the Netherlands and the Czech Republic, and served as a commanding officer in the Royal Air Force and the Royal Navy in the Netherlands. He also serves as Chairman of the Netherlands Oil and Gas Exploration and Production Association (NOGEPA). Paul van Gelder graduated from the Royal Naval Academy of the Netherlands and has a Masters Degree from the Eindhoven University of Technology. He is a Dutch national.

Bergermeer Gas Storage Consortium and Gazprom export press ahead with final investment 21 Oct 2009
Alkmaar – The Bergermeer Gas Storage Consortium and Gazprom export today announced the Final Investment Decision (FID) on the Bergermeer Gas Storage investment programme.

Alkmaar – The Bergermeer Gas Storage Consortium and Gazprom export today announced the Final Investment Decision (FID) on the Bergermeer Gas Storage investment programme.

The Bergermeer Gas Storage Consortium will invest EUR 800 million in the construction and design of the gas storage facility between 2009 and 2013. Gazprom export (a subsidiary of the world’s largest gas company JSC Gazprom) will provide a certain amount of cushion gas for injection into the Bergermeer reservoir and will receive working capacity and a participating interest in the technical operatorship of the facility.

As operator of the project, TAQA has completed a thorough environmental and safety assessment and expects to receive all necessary permits in 2010. Construction of the Bergermeer Gas Storage facility will start after the necessary permits have been granted allowing commercial operations to commence in 2013.

Paul van Gelder, Managing Director of TAQA in the Netherlands said: “I am delighted with this final investment decision by the BGS Consortium and Gazprom export. This is a substantial milestone and represents TAQA's commitment to this flagship project. The transfer of high-end technological knowledge and skills from this programme will provide the Netherlands, and particularly the Alkmaar region, with substantial employment and career development opportunities.”

Jan Dirk Bokhoven, Chairman of the Executive Board of EBN said: “Our approval of the project is based on sound business principles and marks an important step for EBN towards extending its range of activities for the future. In addition, the project is expected to make a valuable contribution towards the ambition of our shareholder, the Dutch State, to realise the ‘gas roundabout of North-West Europe’ in The Netherlands.”

Alexander Medvedev, General Director of Gazprom export, and Deputy CEO of JSC Gazprom said: “The Bergermeer Gas Storage is a large-scale endeavour. Being linked to gas transit systems very close to major trading platforms it can cover demand in peak moments and conclude deals on the spot market. We at Gazprom export value the opportunity to propel this project in collaboration with solid and respectable partners. We firmly believe that Bergermeer UGS has all the makings of a true success story.”

- ENDS -

Contact Information for Media:
Allan Virtanen
TAQA Media Relations, Abu Dhabi

Tel +971 2 691 4894; Mob +971 56 685 2717
Allan.Virtanen@taqaglobal.com

About TAQA

Established in 2005, TAQA is a diversified international energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA).

TAQA’s business is made up of three operating divisions spread across the entire energy value chain: power generation & water desalination; oil and gas exploration & production; and emerging & alternative energy technologies.

Power & Water: TAQA is one the largest independent power producers in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in Abu Dhabi. TAQA's power plants are located in the UAE, Morocco, Oman, Saudi Arabia, Ghana, India, and USA.

Oil & Gas: with operations in Canada, UK, the Netherlands, USA and Iraq, TAQA's oil and gas business includes exploration and production, underground gas storage and pipeline transportation.

Emerging & alternative energy technologies: TAQA Energy Solutions is dedicated to alternative and technology-driven energy initiatives for long-term efficient energy production and generation. 

TAQA’s vision is to deliver ‘Energy for Growth’: growth within the business; social and economic progress in the communities where TAQA operates; and increased value for our shareholders.

Over the past 40 years the UAE and Abu Dhabi have pursued a vision embodied by progressive development, investment and the highest global standards. TAQA is proud to align its strategy both domestically and globally to Abu Dhabi’s economic vision 2030, working towards sustainable economic development. 

For more information about TAQA visit: www.taqaglobal.com or Twitter: @TAQAGLOBAL

TAQA Completes Acquisition of DSM Energy 1 Oct 2009
Abu Dhabi / The Hague – The Abu Dhabi National Energy Company PJSC (TAQA) today announced that its wholly owned subsidiary, TAQA Energy B.V. (TAQA Energy), has completed its EUR 285 million acquisition of 100% of the share capital of DSM Energie Holding B.V. (DSM Energy) from Netherlands based Life Sciences and Materials Sciences company Royal DSM N.V.

Abu Dhabi / The Hague– The Abu Dhabi National Energy Company PJSC (TAQA) today announced that its wholly owned subsidiary, TAQA Energy B.V. (TAQA Energy), has completed its EUR 285 million acquisition of 100% of the share capital of DSM Energie Holding B.V. (DSM Energy) from Netherlands based Life Sciences and Materials Sciences company Royal DSM N.V.

The sale includes non-operated interests in the pipeline company Noordgastransport B.V. (NGT), three other pipelines and 20 producing oil and gas fields in the Dutch North Sea.

The assets will strengthen TAQA’s midstream position in Europe and provide additional daily production of approximately 5,000 barrels of oil equivalent (boe) (2008 average) of which 85% is natural gas.

The enterprise value of the transaction as of 1 January 2009 is EUR 285 million. Most of the value is assigned to interests in the midstream assets.

Commenting on the announcement, Paul van Gelder, TAQA Energy Managing Director, stated: "Increasing our midstream operations, alongside our European footprint, is a key objective for TAQA’s development into a global energy company. This acquisition meets both of these criteria. Not only does it bring a new family of attractive assets, but it also provides TAQA Energy with excellent commercial opportunities and access to key relationships that will help develop our position as a pan-European midstream player."

The DSM Energy assets have been incorporated into TAQA Energy with immediate effect.

- ENDS -

Contact Information for Media:
Allan Virtanen
TAQA Media Relations, Abu Dhabi

Tel +971 2 691 4894; Mob +971 56 685 2717
Allan.Virtanen@taqaglobal.com

About TAQA

Established in 2005, TAQA is a diversified international energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA).

TAQA’s business is made up of three operating divisions spread across the entire energy value chain: power generation & water desalination; oil and gas exploration & production; and emerging & alternative energy technologies.

Power & Water: TAQA is one the largest independent power producers in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in Abu Dhabi. TAQA's power plants are located in the UAE, Morocco, Oman, Saudi Arabia, Ghana, India, and USA.

Oil & Gas: with operations in Canada, UK, the Netherlands, USA and Iraq, TAQA's oil and gas business includes exploration and production, underground gas storage and pipeline transportation.

Emerging & alternative energy technologies: TAQA Energy Solutions is dedicated to alternative and technology-driven energy initiatives for long-term efficient energy production and generation. 

TAQA’s vision is to deliver ‘Energy for Growth’: growth within the business; social and economic progress in the communities where TAQA operates; and increased value for our shareholders.

Over the past 40 years the UAE and Abu Dhabi have pursued a vision embodied by progressive development, investment and the highest global standards. TAQA is proud to align its strategy both domestically and globally to Abu Dhabi’s economic vision 2030, working towards sustainable economic development. 

For more information about TAQA visit: www.taqaglobal.com or Twitter: @TAQAGLOBAL

Gazprom signs agreement for Bergermeer Gas Storage project 20 Aug 2009
Gazprom signs agreement for Bergermeer Gas Storage project Gazprom to provide cushion gas in exchange for working capacity and participating interest in Europe’s largest new gas storage facility Amsterdam, 20 August 2009 – The Bergermeer Gas Storage project consortium, consisting of EBN, Dyas B.V., Petro-Canada and operator TAQA Energy B.V., a subsidiary of The Abu Dhabi National Energy Company PJSC (TAQA),

Gazprom to provide cushion gas in exchange for working capacity and participating interest in Europe’s largest new gas storage facility

Amsterdam– The Bergermeer Gas Storage project consortium, consisting of EBN, Dyas B.V., Petro-Canada and operator TAQA Energy B.V., a subsidiary of The Abu Dhabi National Energy Company PJSC (TAQA), today signed an agreement with Gazprom export for provision of gas storage services in exchange for the delivery of cushion gas for the Bergermeer Gas Storage project. Upon completion, this is expected to be Europe’s largest new gas storage facility. Today’s announcement is the outcome of a Memorandum of Understanding signed on 5 December 2008.

The agreement specifies that Gazprom export, a subsidiary of the world’s largest gas company JSC Gazprom, will deliver for the project a certain amount of cushion gas for injection into the Bergermeer reservoir. In exchange, Gazprom will receive working capacity and participating interest in the technical operator of the facility.

Today’s agreement is conditional upon a final investment decision for the project by each of the consortium partners and Gazprom, which is expected to be reached by all parties in the following months.

Bergermeer Gas Storage will significantly enhance the security of energy supply to Dutch and European consumers, providing a reserve of the equivalent to the annual gas consumption of approximately 1.6 million Dutch households. The planned working volume amounts to 4.1 bcm.  It will also be a major contributor to liquidity in the North-West European gas markets.

Paul van Gelder, Managing Director of TAQA in The Netherlands, says: “Today’s announcement is a significant step forward for the project. Our combined expertise in underground gas storage creates synergies that will facilitate development of the Bergermeer Gas Storage project. The commitment of the existing partners and the expertise of Gazprom, in its role as strategic participating customer, will ensure the success of this facility in securing Europe’s energy supplies for decades to come.”

Peter Barker-Homek, CEO of TAQA, says: “TAQA has invested a significant amount of time in a comprehensive Environmental Impact Assessment (EIA).  We invest in sustainable projects with respect for nature and people.  For the Dutch Government, TAQA and its partners: “Safety First” is the slogan we are regulated and live by.”

Jan Dirk Bokhoven, Chairman of the Executive Board of EBN, says: “The signing of this agreement is important for the project and an essential component for the final investment decision, which EBN aims to achieve in the coming month. The project would be a valuable contribution towards the ambition of our shareholder, the Dutch State, to realise the ‘gas roundabout of North-West Europe’ in The Netherlands.”

Gazprom Export Director General Alexander Medvedev says: “Gazprom attaches high importance to the creation of a network of underground gas storage facilities in Europe in order to ensure security of natural gas supplies, in accordance with its export contracts. The Bergermeer Gas Storage, given its technical parameters and geographical location, will secure the stability of our supplies not only for sake of our current contracts, but also for the implementation of our new contracts, intended to provide gas through the Nord Stream pipeline which is now being put together.”

Subject to obtaining the necessary permits and the final investment decision for the project, TAQA, as operator, plans to commence construction of the Bergermeer Gas Storage facility in 2010 with commercial operations expected to start in 2013. Once commercially operational, the majority of the capacity of the facility will be made available for third party access. 

- ENDS -

Contact Information for Media:
Allan Virtanen
TAQA Media Relations, Abu Dhabi

Tel +971 2 691 4894; Mob +971 56 685 2717
Allan.Virtanen@taqaglobal.com

About TAQA

Established in 2005, TAQA is a diversified international energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA).

TAQA’s business is made up of three operating divisions spread across the entire energy value chain: power generation & water desalination; oil and gas exploration & production; and emerging & alternative energy technologies.

Power & Water: TAQA is one the largest independent power producers in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in Abu Dhabi. TAQA's power plants are located in the UAE, Morocco, Oman, Saudi Arabia, Ghana, India, and USA.

Oil & Gas: with operations in Canada, UK, the Netherlands, USA and Iraq, TAQA's oil and gas business includes exploration and production, underground gas storage and pipeline transportation.

Emerging & alternative energy technologies: TAQA Energy Solutions is dedicated to alternative and technology-driven energy initiatives for long-term efficient energy production and generation. 

TAQA’s vision is to deliver ‘Energy for Growth’: growth within the business; social and economic progress in the communities where TAQA operates; and increased value for our shareholders.

Over the past 40 years the UAE and Abu Dhabi have pursued a vision embodied by progressive development, investment and the highest global standards. TAQA is proud to align its strategy both domestically and globally to Abu Dhabi’s economic vision 2030, working towards sustainable economic development.

For more information about TAQA visit: www.taqaglobal.com or Twitter: @TAQAGLOBAL

TAQA Energy Starts Permitting Application after advice from EIA Panel 11 May 2009
Alkmaar – The independent Netherlands Commission for Environmental Assessment (‘the Commission’) today issued its advice for the Environmental Impact Report (EIR) submitted by TAQA Energy B.V. (‘TAQA Energy’) on behalf of the Bergermeer Project Consortium. The Commission concludes that the EIR contains the information required for the Bergermeer Gas Storage project’s permitting phase.

Alkmaar – The independent Netherlands Commission for Environmental Assessment (‘the Commission’) today issued its advice for the Environmental Impact Report (EIR) submitted by TAQA Energy B.V. (‘TAQA Energy’) on behalf of the Bergermeer Project Consortium. The Commission concludes that the EIR contains the information required for the Bergermeer Gas Storage project’s permitting phase.

An Environmental Impact Assessment (EIA) provides the information needed to fully assess the environmental impact before decisions are taken on infrastructure projects with possible environmental consequences. TAQA Energy, on its own initiative, commissioned engineering firm DHV to prepare an EIA for the Bergermeer Gas Storage on behalf of the project consortium.

The Commission has reviewed the report and supplements and issued a recommendation. The Recommendation states that the EIR contains the information required for the Bergermeer Gas Storage project’s permitting phase. TAQA Energy will examine the Commission’s observation regarding the indirect effects on marsh marigold hay meadows and share the findings with the relevant authorities during the permitting phase.

Key conclusions from the Commission’s recommendation
•The Commission agrees that the re-pressurisation of the underground gas reservoir reduces the risk of earth tremors because the existing structure becomes more stable.
•The Commission recommends a monitoring and evaluation plan to incorporate the effect of TAQA’s proposed environmental compensation measures.
•The Commission concludes that the studies regarding noise pollution are sufficient. However, the Commission advises that the competent authority determines which noise levels are tolerable, how and where the noise levels will be monitored and to be clear on the consequences of exceeding the allowed limits.
•The Commission notes that the EIR requires additional insight into the effects on underground water flows from sheet piling surrounding the wells and, as a consequence, the indirect effects on marsh marigold hay meadows in the Netherland’s National Ecological Network.

Paul van Gelder, Managing Director of TAQA Europe: "We are pleased to enter the next stage in the project following the Commission’s advice. We understand the environmental concerns regarding a project of this nature and have, therefore, invested a significant amount of time in a comprehensive EIR. We want to invest in a project that benefits everyone in an area where people live and work safely without concerns, and with respect for nature”.

Following the Commission’s advice, the EIA and the related consultations have been completed. The EIA will be used by the local municipalities, province and Ministry of Economic Affairs to assess permit applications. Subject to obtaining the necessary permits and the final investment decision for the project, TAQA plans to commence construction of the Bergermeer Gas Storage facility in early 2010.

The Commission’s advice can be found at the Bergermeer Gas Storage website (in Dutch): www.gasopslagbergermeer.nl

- ENDS -

Contact Information for Media:

Allan Virtanen
TAQA Media Relations, Abu Dhabi
Tel +971 2 691 4894; Mob +971 56 685 2717
Allan.Virtanen@taqaglobal.com

About TAQA

Established in 2005, TAQA is a diversified international energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA).

TAQA’s business is made up of three operating divisions spread across the entire energy value chain: power generation & water desalination; oil and gas exploration & production; and emerging & alternative energy technologies.

Power & Water: TAQA is one the largest independent power producers in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in Abu Dhabi. TAQA's power plants are located in the UAE, Morocco, Oman, Saudi Arabia, Ghana, India, and USA.

Oil & Gas: with operations in Canada, UK, the Netherlands, USA and Iraq, TAQA's oil and gas business includes exploration and production, underground gas storage and pipeline transportation.

Emerging & alternative energy technologies: TAQA Energy Solutions is dedicated to alternative and technology-driven energy initiatives for long-term efficient energy production and generation. 

TAQA’s vision is to deliver ‘Energy for Growth’: growth within the business; social and economic progress in the communities where TAQA operates; and increased value for our shareholders.

Over the past 40 years the UAE and Abu Dhabi have pursued a vision embodied by progressive development, investment and the highest global standards. TAQA is proud to align its strategy both domestically and globally to Abu Dhabi’s economic vision 2030, working towards sustainable economic development. 

For more information about TAQA visit: www.taqaglobal.com or Twitter: @TAQAGLOBAL

TAQA and Gazprom export sign MoU to Partner on Dutch Bergermeer Gas Storage 3 Dec 2008
Abu Dhabi, UAE, The Hague, the Netherlands - The Abu Dhabi National Energy Company PJSC (“TAQA”) and Gazprom export (“Gazprom export”) today announce signing a Memorandum of Understanding to partner in Europe’s largest new gas storage project in the Netherlands: the Bergermeer Gas Storage.

Abu Dhabi, UAE, The Hague, the Netherlands - The Abu Dhabi National Energy Company PJSC (“TAQA”) and Gazprom export (“Gazprom export”) today announce signing a Memorandum of Understanding to partner in Europe’s largest new gas storage project in the Netherlands: the Bergermeer Gas Storage.

TAQA, for and on behalf of the Bergermeer project consortium, consisting of Energie Beheer Nederland (EBN), Dyas B.V., Petro-Canada, TAQA Energy B.V., (the “Consortium”) and Gazprom export, a subsidiary of the world’s largest gas company JSC Gazprom, have agreed to pursue a partnership to jointly develop the Bergermeer gas storage facility.

The new gas storage facility will enhance the security of energy supply to Dutch and European consumers and will contribute significantly to the liquidity of the North-West European gas markets. The project is an essential step in the Dutch Government’s ambition to realise the North-West European Gas Roundabout in the Netherlands.

TAQA, as the operator of the Bergermeer gas storage project, is currently finalising technical design, permitting and planning processes to start converting the existing depleted Bergermeer gas reservoir into Europe’s largest new seasonal gas storage facility. Construction of the Bergermeer gas storage is expected to start in Q2 2009 with commercial operations expected to start in Q2 2013. Once commercially operational, the majority of the capacity of the facility will be made available for third party access.

Gazprom will contribute its 60 years of experience in constructing and designing gas storage projects, and will deliver cushion gas for injection in the summer months over the next four years. Cushion gas is necessary to ensure that the reservoir has the optimal pressure to start commercial storage operations.

Peter Barker-Homek, TAQA’s chief executive officer, says: “We are thrilled to welcome Gazprom into the Bergermeer gas storage project and look forward to Gazprom’s valuable contributions. As a diversified global energy company operating across the energy value chain, TAQA is committed to responsibly invest in Europe’s energy infrastructure. We are proud to be leading Europe’s largest and most innovative new gas storage project which, with the addition of Gazprom, is now one step closer to finalisation.”

TAQA and Gazprom export aim to finalise all technical and contractual discussions in the following months to reach a final investment decision on the project by the end of Q1 2009. At the same time TAQA is continuing discussions with other potential partners and cushion gas suppliers in an effort to create a diverse consortium of global energy players to participate in the Bergermeer gas storage project. This consortium of existing and new partners will ensure the success and on-time completion of the Bergermeer gas storage in order to secure Europe’s energy supplies for decades to come.

- ENDS -

Contact Information for Media:

Allan Virtanen
TAQA Media Relations, Abu Dhabi

Tel +971 2 691 4894; Mob +971 56 685 2717
Allan.Virtanen@taqaglobal.com

About TAQA

Established in 2005, TAQA is a diversified international energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA).

TAQA’s business is made up of three operating divisions spread across the entire energy value chain: power generation & water desalination; oil and gas exploration & production; and emerging & alternative energy technologies.

Power & Water: TAQA is one the largest independent power producers in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in Abu Dhabi. TAQA's power plants are located in the UAE, Morocco, Oman, Saudi Arabia, Ghana, India, and USA.

Oil & Gas: with operations in Canada, UK, the Netherlands, USA and Iraq, TAQA's oil and gas business includes exploration and production, underground gas storage and pipeline transportation.

Emerging & alternative energy technologies: TAQA Energy Solutions is dedicated to alternative and technology-driven energy initiatives for long-term efficient energy production and generation. 

TAQA’s vision is to deliver ‘Energy for Growth’: growth within the business; social and economic progress in the communities where TAQA operates; and increased value for our shareholders.

Over the past 40 years the UAE and Abu Dhabi have pursued a vision embodied by progressive development, investment and the highest global standards. TAQA is proud to align its strategy both domestically and globally to Abu Dhabi’s economic vision 2030, working towards sustainable economic development. 

For more information about TAQA visit: www.taqaglobal.com or Twitter: @TAQAGLOBAL

Purchase of EnCore Oil Nederland B.V. 9 Sep 2008
Abu Dhabi, UAE - Abu Dhabi National Energy Company PJSC (TAQA), a global energy company, today announces that it has agreed the purchase of EnCore Oil Nederland B.V., a wholly owned subsidiary of EnCore Oil plc, whose only asset is a 10 per cent. interest in the Amstel field offshore Netherlands, for US$5.5m in cash on completion.

Abu Dhabi, UAE - Abu Dhabi National Energy Company PJSC (TAQA), a global energy company, today announces that it has agreed the purchase of EnCore Oil Nederland B.V., a wholly owned subsidiary of EnCore Oil plc, whose only asset is a 10 per cent. interest in the Amstel field offshore Netherlands, for US$5.5m in cash on completion.

Following completion of the transaction EnCore Oil Nederland B.V. will be integrated into TAQA Energy B.V.

- ENDS -

Contact Information for Media:

Allan Virtanen
TAQA Media Relations, Abu Dhabi

Tel +971 2 691 4894; Mob +971 56 685 2717
Allan.Virtanen@taqaglobal.com

About TAQA

Established in 2005, TAQA is a diversified international energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA).

TAQA’s business is made up of three operating divisions spread across the entire energy value chain: power generation & water desalination; oil and gas exploration & production; and emerging & alternative energy technologies.

Power & Water: TAQA is one the largest independent power producers in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in Abu Dhabi. TAQA's power plants are located in the UAE, Morocco, Oman, Saudi Arabia, Ghana, India, and USA.

Oil & Gas: with operations in Canada, UK, the Netherlands, USA and Iraq, TAQA's oil and gas business includes exploration and production, underground gas storage and pipeline transportation.

Emerging & alternative energy technologies: TAQA Energy Solutions is dedicated to alternative and technology-driven energy initiatives for long-term efficient energy production and generation. 

TAQA’s vision is to deliver ‘Energy for Growth’: growth within the business; social and economic progress in the communities where TAQA operates; and increased value for our shareholders.

Over the past 40 years the UAE and Abu Dhabi have pursued a vision embodied by progressive development, investment and the highest global standards. TAQA is proud to align its strategy both domestically and globally to Abu Dhabi’s economic vision 2030, working towards sustainable economic development. 

For more information about TAQA visit: www.taqaglobal.com or Twitter: @TAQAGLOBAL