UAE Pushes Ahead With $20 Billion Natural Gas Project to Boost Exports - Bloomberg
The United Arab Emirates will accelerate $20 billion of natural-gas projects by awarding contracts for some of them in the coming days, as it seeks to boost exports of the fuel.
Abu Dhabi National Oil Co. will award engineering and construction work for the Dalma gas field in Persian Gulf waters as soon as this week, according to people with the matter. The gas is meant to start flowing by about 2025, they said.
Adnoc is among several major state oil companies increasing production of gas as consumers try to switch away from crude and coal. Gas is a cleaner form of energy, though the industry is still a significant source of carbon and methane emissions.
Dalma will help the UAE, OPEC’s third-biggest oil producer, in its bid to become self-sufficient in gas by 2030. The country will export some surplus supplies as liquefied natural gas, Adnoc Chief Executive Officer Sultan al Jaber said on Monday.
No comments:
Post a Comment