61.   The UAE, the first LNG producer in the Gulf, has the fourth biggest gas reserves in the world after those in Russia, Iran and Qatar.

62.   The two sides will appoint an independent consultant to determine the size of the gas reserves and how it should be divided between the two countries.

63.   Two other Gulf Arab states, Qatar and Oman, plan to build multi-billion-dollar LNG projects to tap their enormous gas reserves.

64.   World Bank chief James Wolfensohn said Wednesday he had held talks about financing a fuel pipeline to channel massive gas reserves from Turkmenistan through Afghanistan to India or Pakistan.

65.   Its gas reserves are the fourth largest after those in Russia, Iran and Qatar.

66.   It currently gets its supplies from nearby Sharjah, which has relatively small gas reserves.

67.   Officials have said the gaslines would help member states with low gas reserves to face growing domestic consumption and stave off a possible shortage in the future.

68.   Oman and neighbouring Qatar, which has vast gas reserves, are in competition for the southeast Asian market.

69.   Oman, a non-OPEC oil producer, also has large gas reserves that offer prospects for future joint ventures between the two countries, according to observers in Muscat.

70.   PNOC-Exploration said in a statement that the projects may range from the development of gas reserves to the setting up of transmission facilities and downstream gas projects.