Adnoc Gas, EWEC to support UAE’s energy transformation

Adnoc Gas and its subsidiaries celebrated a new long-term strategic partnership with Emirates Water and Electricity Company (EWEC) to support the UAE’s energy transformation.

This landmark agreement is underpinned by a 10-year flexible natural gas sales and purchase agreement between Adnoc Gas Facilities and EWEC worth $10 billion.

The strategic partnership was attended by Fatema Al Nuaimi, Chief Executive Officer of Adnoc Gas, Othman Al Ali, Chief Executive Officer of EWEC, and representatives from both entities.

Fatema Al Nuaimi said, “We greatly value our long-term partnership with EWEC, which is underpinned by a 10-year strategic agreement, supporting the rise of digitisation, the increasing need for resilient connectivity and growing technology adoption across the UAE’s economy, while advancing the nation’s net-zero ambitions.

By collaborating across the industrial value chain to leverage Abu Dhabi’s vast gas reserves, we are working to ensure the UAE’s self-sufficiency while continuing to fuel over two thirds of the nation’s industries, driving sustainable economic growth and diversification.”

Othman Al Ali said, “This landmark agreement with Adnoc Gas ensures a stable and flexible supply of natural gas that is pivotal to enabling the UAE’s energy transition. As we accelerate the integration of renewable and clean energy and advanced technologies, natural gas plays a critical role in bridging the gap between traditional and sustainable energy sources.

This partnership strengthens EWEC’s ability to deliver a secure, efficient, and decarbonised water and electricity system while contributing to the UAE’s Net Zero by 2050 Strategic Initiative. By collaborating with Adnoc Gas, we are reaffirming our shared commitment to powering the UAE’s economic growth, advancing sustainability, and ensuring long-term energy security for generations to come.”

As EWEC continues to utilise transformative renewable and clean energy innovations to drive the decarbonisation of water and electricity supply in the UAE, supporting the country’s Net Zero by 2050 Strategic Initiative, gas-fired plants provide important transitional capacity enabling the continued integration of large-scale renewable and clean energy.

The flexible natural gas supply will be delivered to plants across Abu Dhabi and the UAE and solidifies the shared commitment of both parties to drive sustainable economic growth in the UAE. As such, Adnoc Gas supports EWEC in its strategic plans to transform the UAE’s energy sector into a clean and renewable-focused industry, driving the nation’s economic growth and digital technology led diversification.

The partnership highlights Adnoc Gas’s commitment to support our customers as they transition to cleaner energy solutions by providing them with reliable, secure, flexible and affordable lower carbon energy that will have a tangible impact on their carbon footprint and deliver greater long-term value for our shareholders.

ADNOC Distribution: Adnoc Distribution announced today the launch of the second phase of its service station solarisation programme in collaboration with Emerge, a joint venture between Masdar and the EDF Group.

Under the programme, Emerge will finance, design, install and maintain solar photovoltaic (PV) panels at service stations across Adnoc Distribution’s UAE network.

This initiative supports the company’s sustainability goals by reducing greenhouse gas emissions and reliance on non-renewable energy, while also enhancing operational efficiency by lowering energy costs and optimising the energy mix at service stations, in line with its aim to reduce operational carbon intensity by 25 per cent by 2030.

The solarisation programme is directly linked to Adnoc Distribution’s pioneering adoption of sustainable financing, reinforcing the company’s commitment to mainstreaming sustainability across the business.

In January 2023, Adnoc Distribution became the first UAE fuel and convenience retailer to convert an existing $1.5 billion term loan into a sustainability-linked one. This loan ties financial incentives and penalties to achieving sustainability goals, including solarisation and embedding financial accountability into Adnoc Distribution’s sustainability commitments.

Bader Saeed Al Lamki, CEO of Adnoc Distribution, said, “We are pleased to partner with Emerge to bring solar energy to our Abu Dhabi service stations, building on the successful solarisation of our Dubai network last year. Incorporating solar power into our energy mix is just one facet of our strong commitment to sustainability, upholding broader Adnoc Group and UAE net-zero goals.”

Michel Abi Saab, General Manager of Emerge, said, “After the successful completion of the first service station solarisation phase, we are proud to extend our partnership with Adnoc Distribution and launch the second phase, which will cover more than 100 stations under the scheme.