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ADNOC rated UAE Industry’s top Long-Term Natural Gas Supplier

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The Abu Dhabi National Oil Company (ADNOC) announced, that it has signed long-term gas sales agreements with two of the United Arab Emirates’ (UAE) leading industrial companies: Emirates Steel (ES), the largest integrated steel producer in the UAE and Arkan, a construction and building materials company in Abu Dhabi.

The agreements underscore the role of natural gas as a key enabler for the UAE’s industrial sector, and engine of the nation’s economic growth and diversification, and support the Ministry of Industry and Advanced Technology’s (MoIAT) “Make it in the Emirates” strategy. It also emphasises ADNOC’s drive to deliver a more sustainable and economic gas supply and enable gas self-sufficiency for the UAE as part of its 2030 strategy.

Under the terms of the agreements, ADNOC will supply natural gas to Emirates Steel and Arkan for the next 10 years to support the growing energy demand and feedstock of Abu Dhabi’s industrial sector. The long-term gas sales agreements were signed by Khaled Salmeen, ADNOC Executive Director, Downstream Industry, Marketing & Trading Directorate, Saeed Ghumran Al Remeithi, CEO of Emirates Steel and Abdelaziz Asad, Acting CEO of Arkan.

Information Source: Read Full Release ..–>

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