UAE seeks deal with Iran With the Iranians indicating that the deadlock over a natural gas pipeline between the UAE and Iran might soon be solved, the UAE may be one step closer to bolstering its gas supplies and energy for industrial zones.According to the UAE local press, Dana Gas, the Sharjah-based energy company, will go to Tehran next week to settle the apparent pricing dispute that has delayed the export of Iranian natural gas to the emirate. Resolution neededAn Iranian oil ministry official said Dana would accept a revision to the gas price regime, which was agreed upon back in 2001, that the Iranian government claims is now below market value.Amid Iranian threats to look elsewhere if it doesn’t get a higher price, the reality is that both Iran and the UAE have already invested too much in this project to let it disintegrate. Barring a catastrophic event, both sides
