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ADNOC signs an agreement with Emirates Steel through Long-Term and Reliable Natural Gas Supply

Economic News, Members

ADNOC signs an agreement with Emirates Steel through Long-Term and Reliable Natural Gas Supply

 

 

The Abu Dhabi National Oil Company (ADNOC) announced the signing of a long-term agreement to sell natural gas with Emirates Steel in Abu Dhabi.

 

Under the terms of the agreement, ADNOC will supply natural gas to Emirates Steel over the next ten years to support the growing demand for energy and raw materials from the industrial sector in Abu Dhabi.

 

 

Saeed Al Rumaithi, CEO of Emirates Steel, said, “This agreement will ensure reliable supplies of natural gas to our factories at a guaranteed cost over the next ten years. This agreement, which reflects ADNOC’s continuous efforts to support the local industrial sector, will enhance cooperation between ADNOC and Emirates Steel. In the field of sustainability and reducing carbon emissions. “

 

 

The two agreements affirm ADNOC’s commitment to providing reliable and sustainable supplies of natural gas to enable and support the local industries sector and drive growth and economic diversification in the UAE. The agreement also reflects ADNOC’s support for the Ministry of Industry and Advanced Technology strategy “Make in the UAE” and its constant endeavor to achieve self-sufficiency in gas for the UAE. As part of its 2030 integrated strategy for smart growth.