UAE reinforces commitment to India’s energy security

UAE reinforces commitment to India’s energy security

ABU DHABI, 20th October, 2021 (WAM) -- Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), reinforced the United Arab Emirates’ (UAE) commitment to India’s energy security and said the UAE will always remain India’s trusted partner of choice.

Speaking virtually at the 5th India Energy Forum by CERAWeek, Dr. Al Jaber noted India’s economy is returning to "robust, almost double-digit growth" as the world recovers from the pandemic. He acknowledged the challenges facing the energy sector during this phase and explained how the UAE is responding to remain a long-term and reliable energy provider to India and the world.

"This recovery comes with challenges, particularly for the energy sector, as we are seeing energy demand outpacing supply. It is clear that while the world rightly embraces the energy transition, we will need oil and gas for many decades to come. The current demand dynamic is, therefore, a wake-up call to continue to invest across the entire energy sector to avoid a deeper supply crunch."

"This is the approach we are taking in the UAE," Dr. Al Jaber added, "We are investing across our