Gastech, the main exhibition and convention supporting the gasoline, LNG, hydrogen, and power trade passed off in Dubai from 21-23 September
The occasion, which was opened by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of The Government Council of Dubai, was attended by greater than 15,000 attendees together with senior decision-makers and power trade thought leaders, and 250 exhibiting firms.
The Gastech Strategic Convention introduced collectively greater than 300 authorities ministers, power trade leaders, policymakers, and key prospects to map out a future low-emission panorama. Key matters mentioned included decarbonisation and emissions administration; financing and venture funding; adapting enterprise fashions in a post-Covid world; built-in power suppliers; gasoline and LNG provide and demand dynamics; the potential for hydrogen to play a key function throughout the power transition; diversification of the longer term workforce; buying and selling, contracting and pricing.
Delivering the opening tackle, His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Trade and Superior Know-how and managing director and chief government officer of the Abu Dhabi Nationwide Oil Firm (ADNOC) highlighted the United Arab Emirates’ (UAE) management in pure gasoline and stated pure gasoline will help the nation’s imaginative and prescient for financial progress.
“Fuel will play a pivotal function on this blueprint for progress, because the important gas inventory for our downstream hub in Ruwais and our industrial three way partnership,TA’ZIZ,” H.E. Dr. Al Jaber stated.
The UAE is on monitor to realize gasoline self-sufficiency as ADNOC leverages superior applied sciences to broaden into unconventional gasoline, faucet into gasoline caps and unlock new reservoirs, as a part of the corporate’s built-in gasoline technique launched in 2018. “On the coronary heart of this purpose, is the enlargement of our producing property, like Shah and the event of latest ones, just like the distinctive Umm Shaif gasoline cap and the Hail, Ghasha and Dalma venture,” H.E. Dr. Al Jaber stated, as he supplied an replace on ADNOC’s progress.
“Building of synthetic islands is underway and we’re leveraging our expertise in world-class developments to make sure prices are minimised and business advantages maximised for all our companions. Collectively, these initiatives will ship over three billion commonplace cubic ft of gasoline per day, sufficient to energy a number of million properties.
“Because the world consolidates its restoration from the Covid-19 pandemic, LNG and broader gasoline markets globally are tightening, with demand outpacing provide. Longer-term, the outlook can also be strong, pushed notably by markets in Asia. At present, gasoline gives virtually one-quarter of the world’s power provide and can proceed to play a important function within the world power system. No different gas supply can reliably provide the baseload energy to warmth and funky properties, drive heavy trade and broaden economies, all whereas protecting emissions at a minimal.”
His Excellency stated that as improvements are serving to to make gasoline even cleaner and extra sustainable, the UAE is making use of expertise to create zero-carbon fuels from gasoline resembling hydrogen. “Already at ADNOC, we produce about 300,000 tons of hydrogen a yr. By leveraging our present gasoline infrastructure and commercial-scale CCUS capabilities, the UAE can and can turn into a significant participant within the rising blue hydrogen market.”
Gastech 2021’s official opening ceremony additionally featured a Ministerial Panel wherein Ministers from the world’s main power economies shared insights on the function of pure gasoline within the power transition, future instructions on find out how to create a hydrogen economic system and what roadmaps are wanted to satisfy the rising demand for power and cleaner fuels.
Taking part within the panel session had been H.E. Suhail Mohamed Al Mazrouei, UAE minister of power and infrastructure; H.E. Eng Saad Sherida Al-Kaabi, Qatar’s minister of state for power affairs and president and CEO of Qatar Petroleum; H.E. Dr Alparslan Bayraktar, Turkey’s deputy minister of power and pure assets, H.E. Arifin Tasrif, minister of power and mineral assets, Indonesia and H.E. Mohammad Barkindo Sanusi, secretary-general, OPEC.