emirates7 - ADNOC Gas plc and its subsidiaries have marked a significant milestone with Emirates Water and Electricity Company (EWEC), establishing a new long-term strategic partnership to bolster the UAE's energy transformation efforts.
This historic agreement includes a 10-year flexible natural gas sales and purchase deal valued at $10 billion between ADNOC Gas Facilities LLC and EWEC. The partnership was commemorated with the presence of Fatema Al Nuaimi, CEO of ADNOC Gas, Othman Al Ali, CEO of EWEC, and representatives from both organizations.
Fatema Al Nuaimi emphasized the importance of the long-term collaboration with EWEC, anchored by a strategic agreement spanning a decade. This initiative supports the UAE's digitalization drive, resilient connectivity needs, and increasing technology adoption, all while advancing the nation's goals for net-zero emissions. By leveraging Abu Dhabi's extensive gas resources across the industrial value chain, the partnership aims to ensure UAE's self-sufficiency, fueling a significant portion of the nation's industries and fostering sustainable economic growth and diversification.
Othman Al Ali highlighted the critical role of natural gas in UAE's energy transition journey, enabling the integration of renewable energy and advanced technologies. He emphasized that the partnership with ADNOC Gas strengthens EWEC's ability to deliver secure, efficient, and decarbonized water and electricity systems, aligning with UAE's Net Zero by 2050 Strategic Initiative. This collaboration underscores their joint commitment to powering economic growth, promoting sustainability, and ensuring long-term energy security.
The flexible natural gas supply, distributed to plants across Abu Dhabi and the UAE, underscores both parties' dedication to driving sustainable economic growth and transforming the UAE's energy sector into a cleaner, renewable-focused industry. ADNOC Gas remains committed to supporting its customers' transition to cleaner energy solutions, delivering reliable, secure, flexible, and affordable lower-carbon energy solutions that contribute to reducing their carbon footprint and enhancing long-term shareholder value.
This historic agreement includes a 10-year flexible natural gas sales and purchase deal valued at $10 billion between ADNOC Gas Facilities LLC and EWEC. The partnership was commemorated with the presence of Fatema Al Nuaimi, CEO of ADNOC Gas, Othman Al Ali, CEO of EWEC, and representatives from both organizations.
Fatema Al Nuaimi emphasized the importance of the long-term collaboration with EWEC, anchored by a strategic agreement spanning a decade. This initiative supports the UAE's digitalization drive, resilient connectivity needs, and increasing technology adoption, all while advancing the nation's goals for net-zero emissions. By leveraging Abu Dhabi's extensive gas resources across the industrial value chain, the partnership aims to ensure UAE's self-sufficiency, fueling a significant portion of the nation's industries and fostering sustainable economic growth and diversification.
Othman Al Ali highlighted the critical role of natural gas in UAE's energy transition journey, enabling the integration of renewable energy and advanced technologies. He emphasized that the partnership with ADNOC Gas strengthens EWEC's ability to deliver secure, efficient, and decarbonized water and electricity systems, aligning with UAE's Net Zero by 2050 Strategic Initiative. This collaboration underscores their joint commitment to powering economic growth, promoting sustainability, and ensuring long-term energy security.
The flexible natural gas supply, distributed to plants across Abu Dhabi and the UAE, underscores both parties' dedication to driving sustainable economic growth and transforming the UAE's energy sector into a cleaner, renewable-focused industry. ADNOC Gas remains committed to supporting its customers' transition to cleaner energy solutions, delivering reliable, secure, flexible, and affordable lower-carbon energy solutions that contribute to reducing their carbon footprint and enhancing long-term shareholder value.