Natural gas is set to play a pivotal role in powering economic growth in the UAE over the next 50 years, according to Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC.
Delivering the opening address of Gastech 2021, Dr Al Jaber highlighted the UAE's leadership in natural gas and said "natural gas will support the nation’s vision for economic growth as set out by the Leadership in the 'Principles of the Fifty'."
"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, according to a WAM report.
Speaking virtually, he explained that the UAE is strengthening its position as a regional leader in natural gas and the emerging blue Hydrogen market. He attributed this leadership position to the foresight of the Founding Founder of the UAE, the late Sheikh Zayed bin Sultan Al Nahyan, who recognised the enormous potential natural gas offered and the need to balance economic growth with environmental protection.
"Our commitment to the environment and truly sustainable development was the key driver. In 1973, at his direction, ADNOC stopped burning the associated gas from all its operations, and instead captured it and shipped it.