Liquefied natural gas must remain a key player in the global energy transition to ensure energy supply continues to meet demand in a secure, sustainable and reliable way, said Fatema Al Nuaimi, chief executive of Adnoc LNG.
Ms Al Nuaimi said gas provides about a quarter of the world’s energy supply and this “will and should continue”.
However, “this does not mean that the industry is in denial” about the challenges ahead, she said.
“I see gas and LNG as a key player in the energy transition. We understand that this requires more effort in decarbonising the existing asset,” Ms Al Nuaimi told an online seminar at the International Energy Week conference in London.
Collaboration will be needed across the entire value chain as the energy sector transitions towards net zero, she said.
“I do not believe that the ambitious targets we have put [in place] as companies and as nations can be achieved if we do not collaborate and work together,” Ms Al Nuaimi said.
Adnoc describes itself “an energy company — not an oil company,” she said, highlighting its decision to become a shareholder in green energy company Masdar as part of the its future vision.
“You invest today for tomorrow,” she said.
The UAE's acceleration towards cleaner energy is ramping up. The country unveiled its strategy to reduce carbon emissions by 2050 in October last year, with Dh600 billion set to be invested in clean and renewable energy sources over the next three decades.
Ms Al Nuaimi said the global attitude towards the oil and gas sector has shifted once again, now that it has become evident that hydrocarbons will be needed in the future energy mix.
“I see a change in the way the world is looking at the oil and gas sector and, more specifically, the gas industry,” she said.
“We started by being too emotional [saying] 'they should just be out kicked out of the room'. And I think there is better rationalisation now to this.”
Ms Al Nuaimi, who has been at the helm of Adnoc LNG since 2018, said hosting Cop28 will be key for the UAE, “not because it is an event happening in our capital” but because of the UAE’s history of being a major player in the oil and gas industry.
“This is going to be a more inclusive dialogue going forward,” she said.
LNG is natural gas that turns into a colourless and non-toxic liquid when cooled to about minus 162°C.
The cooling process shrinks the volume of the gas, making it easy to ship and store, and making it suitable for a number of uses from cooking and heating homes to manufacturing products and fuelling commercial vehicles.
Demand for LNG globally is projected to grow by up to 5 per cent annually over the next 20 years, as it can contribute to better air quality and lower green house gas emissions in the power sector.
This makes the gas ideal for the transition to a low-carbon energy future, supporting a mix of fuels to help countries balance energy demand with their clean energy goals.
Global LNG trade rose by 6 per cent to 380 million tonnes in 2021, according to Shell's latest annual LNG Outlook report, thanks to higher demand as economies recovered from the coronavirus-induced slowdown and countries focused on cutting emissions.
“As countries develop lower-carbon energy systems and pursue net-zero emissions goals, focusing on cleaner forms of gas and decarbonisation measures will help LNG to remain a reliable and flexible energy source for decades to come,” said Wael Sawan, director of integrated gas, renewables and energy solutions at Shell.
Ms Al Nuaimi said Adnoc’s early commitment to natural gas illustrates how Abu Dhabi was committed to decarbonising long before the energy transition became a global trend.
Adnoc LNG first became operational in 1977, making it the first LNG producer in the Arabian Gulf, with the company now operating “some of the most reliable LNG facilities in the world”, said Ms Al Nuaimi.
“I like history and I dug into the history of the company and how it was started,” she said. “Many people were not believers [and did not think] that this business would be a success.”
Ms Al Nuaimi revealed that some members of the international press called it a project set to fail.
“But we proved it to be success and now LNG is the norm when it comes to natural gas. There are varying predictions when it comes to gas demand but it is clear that this is going to be there for a long [time],” she said.
Adnoc LNG is a joint venture between Adnoc, which holds a 70 per cent share, Japan’s Mitsui with a 15 per cent stake, BP with 10 per cent and Total with the remaining 5 per cent.
The company produces LNG, liquefied petroleum gas, paraffinic naphtha and sulphur for export from its plant on Das Island, which is located 160 kilometres off the coast of Abu Dhabi.
It also supplies one billion standard cubic feet of gas per day to the UAE’s national grid, contributing to Adnoc’s commitment towards gas self-sufficiency in the Emirates.
In line with Adnoc’s integrated 2030 Strategy, Adnoc LNG is committed to successfully reducing flaring and emissions to reduce the impact of its operations.
“You know what matters to an organisation if you attend its board [meetings], and as a young engineer I was given this chance to attend one of Adnoc’s board meetings back in 1999 and there was this continuous push from different stakeholders to reduce flares and emissions,” Ms Al Nuaimi said.
This has led to a 20 per cent reduction in the past few years, she said.
The shift to a cleaner operations was self-driven, she said, rather than derived from public opinion or organisational pressure.
“We continue to set targets for the future [but] I don't think that putting targets [in place] and being silent about them will take us anywhere,” Ms Al Nuaimi said.
“If we do not break them down into the building blocks to make this happen, we will never get there. It is going to be somebody else's problem later, so putting these plans in place is key to get us into a better position.”
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Results:
5pm: Abu Dhabi Fillies Classic (PA) Prestige Dh 110,000 1.400m | Winner: AF Mouthirah, Tadhg O’Shea (jockey), Ernst Oertel (trainer)
5.30pm: Abu Dhabi Colts Classic (PA) Prestige Dh 110,000 1,400m | Winner: AF Saab, Antonio Fresu, Ernst Oertel
6pm: Maiden (PA) Dh 80,000 1,600m | Winner: Majd Al Gharbia, Saif Al Balushi, Ridha ben Attia
6.30pm: Abu Dhabi Championship (PA) Listed Dh 180,000 1,600m | Winner: RB Money To Burn, Pat Cosgrave, Eric Lemartinel
7pm: Wathba Stallions Cup (PA) Handicap Dh 70,000 2,200m | Winner: AF Kafu, Tadhg O’Shea, Ernst Oertel
7.30pm: Handicap (PA) Dh 100,000 2,400m | Winner: Brass Ring, Fabrice Veron, Ismail Mohammed
What are the GCSE grade equivalents?
- Grade 9 = above an A*
- Grade 8 = between grades A* and A
- Grade 7 = grade A
- Grade 6 = just above a grade B
- Grade 5 = between grades B and C
- Grade 4 = grade C
- Grade 3 = between grades D and E
- Grade 2 = between grades E and F
- Grade 1 = between grades F and G
World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
UAE fixtures
Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final
MATCH INFO
Day 2 at the Gabba
Australia 312-1
Warner 151 not out, Burns 97, Labuschagne 55 not out
Pakistan 240
Shafiq 76, Starc 4-52
ENGLAND SQUAD
Joe Root (captain), Dom Sibley, Rory Burns, Dan Lawrence, Ben Stokes, Ollie Pope, Ben Foakes (wicketkeeper), Moeen Ali, Olly Stone, Chris Woakes, Jack Leach, Stuart Broad
China and the UAE agree comprehensive strategic partnership
China and the UAE forged even closer links between the two countries during the landmark state visit after finalising a ten-point agreement on a range of issues, from international affairs to the economy and trade and renewable energy.
1. Politics: The two countries agreed to support each other on issues of security and to work together on regional and international challenges. The nations also confirmed that the number of high-level state visits between China and the UAE will increase.
2. Economy: The UAE offers its full support to China's Belt and Road Initiative, which will combine a land 'economic belt" and a "maritime silk road" that will link China with the Arabian Gulf as well as Southeast, South and Central China, North Africa and, eventually, Europe.
3. Business and innovation: The two nations are committed to exploring new partnerships in sectors such as Artificial Intelligence, energy, the aviation and transport industries and have vowed to build economic co-operation through the UAE-China Business Committee.
4. Education, science and technology: The Partnership Programme between Arab countries in Science and Technology will encourage young Emirati scientists to conduct research in China, while the nations will work together on the peaceful use of nuclear energy, renewable energy and space projects.
5. Renewable energy and water: The two countries will partner to develop renewable energy schemes and work to reduce climate change. The nations have also reiterated their support for the Abu Dhabi-based International Renewable Energy Agency.
6. Oil and gas: The UAE and China will work in partnership in the crude oil trade and the exploration and development of oil and natural gas resources.
7. Military and law enforcement and security fields: Joint training will take place between the Chinese and UAE armed forces, while the two nations will step up efforts to combat terrorism and organised crime.
8. Culture and humanitarian issues: Joint cultural projects will be developed and partnerships will be cultivated on the preservation of heritage, contemporary art and tourism.
9. Movement between countries: China and the UAE made clear their intent to encourage travel between the countries through a wide-ranging visa waiver agreement.
10. Implementing the strategic partnership: The Intergovernmental Co-operation Committee, established last year, will be used to ensure the objectives of the partnership are implemented.
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David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
Learn more about Qasr Al Hosn
In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Scoreline
UAE 2-1 Saudi Arabia
UAE Mabkhout 21’, Khalil 59’
Saudi Al Abed (pen) 20’
Man of the match Ahmed Khalil (UAE)
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
Company profile
Company: Eighty6
Date started: October 2021
Founders: Abdul Kader Saadi and Anwar Nusseibeh
Based: Dubai, UAE
Sector: Hospitality
Size: 25 employees
Funding stage: Pre-series A
Investment: $1 million
Investors: Seed funding, angel investors
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
England's Ashes squad
Joe Root (captain), Moeen Ali, Jimmy Anderson, Jofra Archer, Jonny Bairstow, Stuart Broad, Rory Burns, Jos Buttler, Sam Curran, Joe Denly, Jason Roy, Ben Stokes, Olly Stone, Chris Woakes.
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
Results
2-15pm: Commercial Bank Of Dubai – Conditions (TB) Dh100,000 (Dirt) 1,400m; Winner: Al Habash, Patrick Cosgrave (jockey), Bhupat Seemar (trainer)
2.45pm: Al Shafar Investment – Handicap (TB) Dh80,000 (D) 1,200m; Winner: Day Approach, Ray Dawson, Ahmad bin Harmash
3.15pm: Dubai Real estate Centre – Handicap (TB) Dh80,000 (D) 1,600m; Winner: Celtic Prince, Richard Mullen, Rashed Bouresly
3.45pm: Jebel Ali Sprint by ARM Holding – Listed (TB) Dh500,000 (D) 1,000m; Winner: Khuzaam, Pat Dobbs, Doug Watson
4.15pm: Shadwell – Conditions (TB) Dh100,000 (D) 1,600m; Winner: Tenbury Wells, Royston Ffrench, Salem bin Ghadayer
4.45pm: Jebel Ali Stakes by ARM Holding – Listed (TB) Dh500,000 (D) 1,950m; Winner: Lost Eden, Andrea Atzeni, Doug Watson
5.15pm: Jebel Ali Racecourse – Handicap (TB) Dh76,000 (D) 1,950m; Winner: Rougher, Pat Dobbs, Doug Watson
UAE currency: the story behind the money in your pockets
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
