Hydrocarbons will be part of any future energy mix: UAE

  • Date: 25-Nov-2021
  • Source: Trade Arabia
  • Sector:Oil & Gas
  • Country:UAE
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Hydrocarbons will be part of any future energy mix: UAE



Hydrocarbons will always play a role in global energy requirements, but their production should be using low-carbon extraction and production solutions. That’s why the UAE is well-placed to play a leading role in the global energy sector for years to come.

 

This was the message from Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the UAE Ministry of Energy and Infrastructure, speaking during the opening session of The Green Chain Conference, taking place during the GMIS Week at Expo 2020’s Dubai Exhibition Centre, a WAM report said.

 

"I see no scenario in which there will be zero hydrocarbons required. But only producers that are low in carbon intensity are going to survive. And the UAE is in a good position," he said.

 

In a fireside chat, he noted that the UAE has always sought an energy mix, beginning in 1973 with the formation of Abu Dhabi National Oil Company Liquified Natural Gas (Adnoc LNG), the first company in the Middle East to liquify natural gas and eliminate offshore flaring.

 

Al Olama went on to outline the reason behind the UAE’s well-established reputation as a first mover in the energy industry, referring to the establishment of Masdar in 2006, the UAE’s ratification of