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Wednesday, 5 April 2017

Adnoc chief targets downstream partnerships amid gas glut | The National

Adnoc chief targets downstream partnerships amid gas glut | The National:

"The chief executive of Abu Dhabi National Oil Company (Adnoc) is targeting downstream natural gas investment partnerships in a bid to take advantage of a prolonged natural gas glut.

"Gas supply is not the issue," Sultan Al Jaber, Adnoc’s chief executive, said on Tuesday at Gastech, the annual gas industry gathering in Tokyo.

"Today, what is needed is better infrastructure that efficiently links producer to end user," he said in the opening keynote speech at the four-day event. "This will require nearly US$3 trillion in investment" globally over the next couple of decades, which in turn will require gas suppliers and buyers to form creative investment partnerships.


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