UAE - Mubasher: The Abu Dhabi National Oil Company (ADNOC) has entered into 10-year natural gas sales agreements with two of the UAE's industrial companies, Emirates Steel (ES) and Arkan, to support the growing energy demand of Abu Dhabi’s industrial sector.
The agreement is in line with the UAE Ministry of Industry and Advanced Technology’s (MoIAT) “Make it in the Emirates” strategy and ADNOC’s objective to enable gas self-sufficiency for the UAE as part of its 2030 strategy, according to a recent press release.
ADNOC has the capacity to produce 11 billion standard cubic feet (SCF) of natural gas per day and over 1 billion SCF of sour gas per day, much of which is supplied to customers in the UAE.
In the meantime, the company also provides over two-thirds of the UAE’s industrial sector’s power needs.
ADNOC Executive Director at Downstream Industry, Marketing & Trading Directorate, Khaled Salmeen, said: "These important agreements strengthen ADNOC’s relationship with both companies as we continue to provide stable and reliable energy supplies to power Abu Dhabi’s industrial sector, enabling industry to thrive and “Make it in the Emirates."
Meanwhile, the CEO of Emirates Steel, Saeed Ghumran Al Remeithi, commented: "It further strengthens the collaboration between ADNOC and Emirates Steel on sustainability and the reduction of UAE’s CO2 emissions."
