ADNOC, Abu Dhabi’s integrated oil and gas company, has unveiled its new Gas Master Plan, to ensure a sustainable and economic supply of gas to meet the growing energy requirements of Abu Dhabi and ADNOC’s international customers.
In line with ADNOC’s recently announced ‘2030 Strategy’, there will be a strong focus on the application of new and innovative technologies to enable greater gas recovery in all reservoirs. ADNOC also plans to tap into additional sour gas reservoirs to boost supplies of gas.
As part of its integrated Gas Master Plan, which links every part of the gas value chain, ADNOC has also initiated a gas price restructuring exercise to maximise the value of its gas, and ensure ADNOC receives a fair price for its gas.
Omar Suwaina Al Suwaidi, ADNOC Gas Management Director, said, "ADNOC is exploring a number of options to make more gas available for higher priority applications, maintain a sustainable gas supply, and meet Abu Dhabi’s increasing gas demand in the future.
"We believe that we can shrink our energy imports substantially by tapping into undeveloped deep and sour gas reserves, unconventional gas resources and deploying innovative technology such as Carbon Capture Utilisation and Storage (CCUS) for Enhanced Oil Recovery (EOR).
"Our focus is on delivering ADNOC’s key imperatives of performance, profitability and efficiency to ensure we create maximum value from our resources and stay competitive in the evolving energy market," Al Suwaidi added.
He was speaking after participating in the ‘Future Energy Scenario: Gas As The Clean Alternative of Choice’ panel session, on the final day of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), at the Abu Dhabi National Exhibition Centre (ADNEC).
The session discussed the use of natural gas as a clean energy bridge to the future; how industry can embrace the wider use of natural gas for both domestic and industrial power needs whilst reducing greenhouse gas emissions and how the energy and automotive industries can work together to further enhance the cross over in innovation and technology to increase the use of natural gas as a fuel for public and private transport.
ADNOC’s 2030 strategy calls for optimising the volumes of gas used for re-injection and in field power generation, to free up valuable gas for other uses, such as electricity generation and water desalination.
It plans to increase its sour gas production, and subsequently the sulphur by- product, over the coming decade, would make Abu Dhabi one of the world’s largest sulphur producers.
ADNOC will maximise the value of its sulphur by working closely with key fertilizer markets, while also supporting the development of a local sulphur products industry, including enhancing the existing ammonia and urea industry, with a new generation of advanced fertilisers.
Its gas portfolio of companies includes Abu Dhabi Gas Industries Limited (GASCO), Abu Dhabi Gas Liquefaction Company (ADGAS) and Al Hosn Gas.
GMT 17:47 2018 Monday ,15 January
‘Negative’ outlook for Gulf sovereign ratings in 2018, says Moody’sGMT 19:27 2018 Sunday ,07 January
UAE pledges to distribute 70% of VAT proceeds to help fund community projectsGMT 19:21 2018 Sunday ,07 January
Surge in foreign fund inflows sets stage for Egyptian boomGMT 19:15 2018 Sunday ,07 January
Iraq to export Kirkuk oil to Iran before January-endGMT 11:35 2018 Wednesday ,03 January
Saudi Food and Drug Authority: No VAT on human medicines, vitamins, and registered medical equipmentGMT 10:00 2018 Wednesday ,03 January
Saudi Customs launches Approved Economic Operator programGMT 07:30 2018 Wednesday ,03 January
Morocco’s 2017 Economic Growth: GDP on the Rise, Investment in DeclineGMT 18:33 2018 Monday ,01 January
No New Year cheer for UAE property marketMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor