"ADNOC Gas" and"Emsteel" They sign an agreement to supply natural gas to support industrial growth in the country

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Abu Dhabi, November 26 / WAM / ADNOC Gas PLC announced today the signing of a long-term agreement to supply natural gas worth between 12.85 and 15.42 billion dirhams ($3.5-4.2 billion), with Emsteel, which is one of the largest integrated companies for the production of steel and building materials in the region.

The agreement, which is valid for twenty years starting January 1, 2027, ensures a stable and reliable supply of low-emission natural gas to support Imsteel’s operations and enhance its future growth.

The agreement represents an important achievement that consolidates the long-term partnership between ADNOC Gas and Emsteel, and confirms the commitment of both parties to contribute to supporting sustainable economic growth in the UAE.

It also ensures the provision of reliable energy supplies to one of the most prominent industrial producers in the region, and contributes to strengthening ADNOC Gas’s competitive position as a major enabler of industrial sector flexibility and accelerating the transition towards cleaner sources of energy.

Fatima Al Nuaimi, CEO of ADNOC Gas, said on this occasion that this important agreement, which aims to supply low-emission natural gas to Emsteel, confirms the pivotal role of ADNOC Gas in supporting industrial growth and economic development in the UAE, noting that ADNOC Gas is committed to continuing to play its role in providing reliable, low-emission energy to support national industries, enhance and increase value, and contribute to ensuring the country’s long-term prosperity.

For his part, Engineer Saeed Ghumran Al Rumaithi, CEO of Emsteel Group, expressed the group’s pride in strengthening its long-term partnership with ADNOC Gas through this important agreement, which confirms the strength of cooperation between two leading national institutions that contribute to advancing the process of industrial and economic transformation in the UAE.

He added that this partnership represents an important step that ensures a safe and sustainable supply of energy for Emsteel’s operations, and confirms its joint commitment to enhancing national content and supporting the flexibility of the national economy.

She pointed out that the “Emsteel” group, through its cooperation with “ADNOC Gas” as a major partner in the energy sector, will continue to develop green steel production, which contributes to raising efficiency along the value chain and achieving sustainable growth for the national industrial system.

In confirmation of the strategic importance of ADNOC Gas, ADNOC’s Board of Directors held its annual meeting last Monday at the Habshan site, one of the company’s most important operational sites.

This selection reflects the company’s pivotal role in enhancing the UAE’s energy security, supporting the resilience of the industrial sector, and consolidating its position as a reliable and responsible global energy provider.

The holding of ADNOC’s Board of Directors meeting at the Habshan Complex confirms the great confidence in ADNOC Gas’s direction, the competence of its human cadres, and its growing role in advancing the national economy.