Gas, he said, would be โa critical fuel in the energy transition and Adnoc Gas, through its world-scale operations and significant growth and expansion plans, will be well-positioned to meet both local and international gas demandโ.
The company aims to capture 5 million tonnes per year of CO2 by 2030, it has said. Adnocโs Al Reyadah facility captures 800,000 tpy currently. The next major investment will come at the Habshan gas processing facility, using local geology.
German Chancellor Olaf Scholz has signed agreements on securing new energy supplies during a visit to United Arab Emirates President Sheikh Mohamed bin Zayed.
Germany has struck agreements with Adnoc on securing low-carbon test ammonia cargoes, which will play a key part in the European stateโs energy transition.
Abu Dhabi has approved the transfer of rights, from China National Petroleum Corp. (CNPC) to Cnooc Ltd, in the Lower Zakum and Umm Shaif and Nasr offshore concessions.
There are โsigns that the market has tightened in recent weeks and the OPEC++ agreement โฆ is working to start to rebalance the market,โ ADNOCโs CEO Sultan Ahmed al-Jaber said in comments at the companyโs โVirtual Majlisโ.
Abu Dhabi intends to supply more than 4 million barrels per day of crude in April, following recent moves by Saudi Arabia and Russia to maximise output.