The Abu Dhabi Gas Development Co, a subsidiary of Abu Dhabi National Oil Co (Adnoc), has awarded $5.6bn worth of contract for the country's Shah gas project, Reuters has reported. The cost of the project was originally estimated at $10bn, but the economic crisis made firms cut prices. "What we tendered and got offers for was below the estimates. This could be because of the economic crisis. Countries had decided to shelve projects but the UAE went on," CEO, Saif Ahmed al-Ghafli, was quoted as saying. The plant will process about 1 billion cubic feet per day of raw gas, of which around 540 million cfd of gas would flow into the UAE's grid.