ADNOC invites partners from around the world to walk with them into the future together

27 Jan ADNOC invites partners from around the world to walk with them into the future together

(Oilandgaspress) -] Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, and Managing Director and Group CEO of ADNOC, today said reliable partnerships are the real strategic reserve, urging leaders to look beyond short-term volatility to the transformative opportunity of rising global energy demand.

Speaking at India Energy Week 2026, Dr. Al Jaber said the defining story of energy today was one of growth, driven by three powerful megatrends: the rise of emerging markets, the exponential growth of artificial intelligence (AI), and the transformation of energy systems, all of which converge in India.

“Transformation rewards those who move boldly, not those who wait for calm seas,” Dr. Al Jaber said. He emphasized that global oil demand will remain above 100 million barrels per day through 2040, with demand for both LNG and electricity to grow by 50% or more.

Electricity demand will be driven not only by AI and data centers but increasingly by cooling, he added. Global air-conditioner numbers are projected to more than triple to 5.6 billion by 2050, equivalent to ten AC units sold every second for the next thirty years.

“Demand at this scale and pace requires investment in all forms of energy,” Dr. Al Jaber said, adding: “The biggest risk is not over supply, it is underinvestment.”
As the world’s third largest energy consumer, India has become a decisive driver of global demand. Over the next 15 years, air travel in India is expected to grow by 150 percent, the country’s urban population will approach one billion people, and data center capacity will surge ten-fold.

“Progress and growth at this scale and pace requires a special kind of partnership,” said Dr. Al Jaber said. “Partnership that is strategic, long-term, agile and flexible. Steadfast, dependable, principled and consistent. Partnership that is based on trust and will endure through thick and thin. This is precisely what defines the UAE–India relationship.”

As India’s refining demand grows, ADNOC will remain a trusted, dependable crude supplier. India is ADNOC’s number one LNG market, ADNOC is India’s largest LPG supplier and continues to supply feedstocks and chemicals.

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