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Natural gas to support UAE's economic growth over next 50 years, says minister 

Emirati Industry and Advanced Technology Minister, Sultan Ahmed Al-Jaber in Abu Dhabi on 11 November 2019 [AFP/Getty Images]
Emirati Industry and Advanced Technology Minister, Sultan Ahmed Al-Jaber in Abu Dhabi on 11 November 2019 [AFP/Getty Images]

Natural Gas will play a pivotal role in powering economic growth in the United Arab Emirates over the next 50 years, the Emirati Industry and Advanced Technology Minister, Sultan Ahmed Al-Jaber, announced yesterday.

"The UAE is strengthening its position as a regional leader in natural gas and the emerging blue Hydrogen market," Al-Jaber said during the Gastech 2021 event, stressing that natural gas would support the nation's "vision for economic growth as set out by the leadership in the Principles of the Fifty."

The chief executive of the Abu Dhabi National Oil Company (ADNOC) described the principles as a "mandate for progress driven by 10 guiding principles aimed at making the UAE the most dynamic economy in the world."

Al-Jaber added that the UAE was applying "technology to create zero-carbon fuels from gas such as Hydrogen."

"By leveraging our existing gas infrastructure and commercial-scale capabilities, the UAE can and will become a major player in the emerging blue hydrogen market," he said.

Gastech – the world's largest oil and gas event – is taking place from 21-23 September in the Emirati city of Dubai under the patronage of the Ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum.

READ: UAE approves $17.7bn housing program for Emiratis

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