ADNOC signs gas delivery deals with two UAE industrial firms

ADNOC will supply natural gas to Emirates Steel and Arkan for the next 10 years to support their growing energy demand

  
ADNOC Refining Awards Design Contract for New Refinery in Ruwais. Image used for illustrative purpose.

ADNOC Refining Awards Design Contract for New Refinery in Ruwais. Image used for illustrative purpose.

ADNOC / Handout via Zawya

The Abu Dhabi National Oil Company (ADNOC) has signed long-term gas sales agreements with UAE's leading industrial companies: Emirates Steel (ES), and Arkan, underscoring the energy giant's strategy to deliver sustainable gas supply and enable gas self-sufficiency for the Emirates.

Emirates Steel is the largest integrated steel producer in the UAE, while Abu Dhabi-based Arkan is a construction and building materials company.

ADNOC will supply natural gas to Emirates Steel and Arkan for the next 10 years to support their growing energy demand.

Khaled Salmeen, ADNOC Executive Director, Downstream Industry, Marketing & Trading Directorate, said: "These important agreements strengthen ADNOC’s relationship with both companies as we continue to provide stable and reliable energy supplies to power Abu Dhabi’s industrial sector, enabling industry to thrive and "Make it in the Emirates."

Emirates Steel ships its products to more than 40 countries across the world for the construction, manufacturing and energy sectors and  Arkan is involved in some of the biggest construction projects in Abu Dhabi and has one of the largest cement plants in the UAE. It is the only fully gas-powered plant in the UAE with the lowest cost of production.

(Reporting by Seban Scaria; editing by Anoop Menon)

 seban.scaria@refinitiv.com

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