LNG producer Abu Dhabi marks first anniversary of oil futures platform launch and start of price surge
Abu Dhabi National Oil Company (ADNOC), the oldest LNG producer in the Middle East, has marked the first anniversary since the launch of ICE Futures Abu Dhabi (IFAD) platform and ICE Murban Crude Oil futures in a time when the price of oil has doubled and just fallen back slightly.
UAE looks forward to hosting Gastech LNG and gas event in Dubai as list of attending ministers grows
The United Arab Emirates said it was looking forward to hosting the Gastech natural gas and LNG conference and exhibition at the Dubai World Trade Centre in September and is lining up an impressive list of government ministers from around the world for the first major energy event to take place in-person this year.
The UAE said that Gastech had built a world-class speaker list for the first in-person commercial conference event since the Covid-19 pandemic.
The event was switched to Dubai in June 2021 from Singapore over continued concerns about persistent Covid-19 infections in Asia.
The Gastech conference is taking place in Dubai from September 21 to September 23 and is also the world’s largest gas and LNG exhibition supporting the industry.
The Official Ministerial Welcome Address will be delivered by Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, and Managing Director and Group Chief Executive of Abu Dhabi National Oil Company.
A Ministerial Panel will then address the conference. It includes Suhail Mohamed Al Mazrouei, Minister of Energy of the UAE; Arifin Tasrif, Minister of Energy and Mineral Resources of Indonesia; and Mohammed Barkindo Sanusi, Secretary General at OPEC.
“The ministers will be part of an impressive line-up of speakers at Gastech this year and they will be speaking on ‘Achieving Net Zero: Driving the Global Energy Transition’ as a topic,” said a UAE statement.
The opening session will be moderated by John Defterios, former Emerging Markets Editor at CNN and Adjunct Professor at NYU Abu Dhabi.
Insights
“In this esteemed panel, ministers from the world’s leading energy economies will share insights on the role of natural gas in the energy transition, future directions on how to create a hydrogen economy and what roadmaps are needed to meet the growing demand for energy and cleaner fuels,” said the UAE statement.
“Finally, the panel will look ahead to COP26, what to expect from this year’s climate meeting and how it will impact energy market dynamics,” it added.
The Gastech 2021 organisers have said they expected more than 25,000 attendees at the Dubai event, including at the conference where hundreds of senior executives and politicians are expected as well as over 400 exhibiting companies.
Other Energy Ministers speaking this year in Dubai include Chief Timipre Sylva, Minister of State and Petroleum Resources of Nigeria; João Galamba, State Secretary for Energy, Portugal; German Galushchenko, Minister of Energy, Ukraine; Hala Adel Zawati, Minister of Energy and Mineral Resources of Jordan; and Udaya Gammanpila, the Minister of Energy of Sri Lanka.
LNG exporter Abu Dhabi approves $122Bln petroleum spending amid gas self-sufficiency aim for UAE
The Abu Dhabi Supreme Petroleum Council (SPC) has approved 448 billion dirhams ($122 billion) in capital expenditure for national oil and gas company and LNG exporter Abu Dhabi National Oil Co. (Adnoc) through 2025 as it also pursues growing joint ventures, especially in unconventional natural gas to make the United Arab Emirates self sufficient.
