UAE ‘leading the way in developing energy technologies’

UAE ‘leading the way in developing energy technologies’

The UAE is accelerating the establishment of the clean energy technologies of the future as the country implements low-cost solar power, carbon capture and sequestration (CCS) and blue hydrogen technologies to scale and future worldwide application, said the CEO of Crescent Petroleum Majid Jafar in his remarks at the World Economic Forum Regional Industry Exchange Day in Dubai.

He added that the oil and gas industry is simultaneously undergoing a digital transformation that will improve efficiencies, reduce costs, enhance decision-making, and minimise environmental footprint.

“As the UAE prepares to host COP28 later this year, the UAE’s visionary energy policy offers a guide for oil and gas and other industries to a more sustainable world. This is an important roadmap for the oil and gas industry and for all other industries operating in the UAE and worldwide,” Jafar said.

“As the world goes through the energy transition to a lower carbon future, oil and gas will continue to play an important role to ensure reliable energy supply, but it will be produced more cleanly and will be used differently,” he said. “Greater electrification, digitisation, and elimination of flaring and methane leaks will be central to that transformation,” he added.

Jafar described how the digital transformation