ADNOC is on track to enable gas self-sufficiency for the UAE
Natural gas is set to play a pivotal role in powering economic growth in UAE over the next 50 years, according to HE Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO, Abu Dhabi National Oil Company (ADNOC).
“The ‘Principles of the Fifty’ is a mandate for progress driven by 10 guiding principles aimed at making the UAE the most dynamic economy in the world. Gas will play a pivotal role in this blueprint for growth, as the essential fuel stock for our downstream hub in Ruwais and our industrial joint venture, TA’ZIZ,” Dr. Al Jaber said in a virtual address.
“In 1973, at the direction of Sheikh Zayed Bin Sultan Al Nahayan, the Founding Father of the UAE, ADNOC stopped burning the associated gas from all its operations, and instead captured it and shipped it. We turned an environmental liability into a commercial opportunity. From that moment, when it came to gas, we never looked back,” asserted Dr. Al Jaber.
Dr. Al Jaber pointed out that the country was the first in the region to stop flaring and find economic uses for gas, the first to build a liquefied natural gas (LNG) plant, the first to produce ultra-sour gas at an industrial scale, and the first to store carbon dioxide (CO2) and use it in enhanced oil recovery (EOR) to liberate more gas.
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