Fatima Al Nuaimi, CEO of ADNOC Gas in the UAE, addressed the prediction of increasing global gas demand in the long term during her speech at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC). These statements come at a time when the global gas industry is facing numerous challenges and opportunities.
Challenges in the Gas Industry
ADNOC Gas reported a 52% decrease in profits in the second quarter of 2023, indicating the negative impacts of crises and disruptions in the global energy market. The state-owned company announced that its profit during this period reached $665 million, which is a significant decrease compared to $1.39 billion in the same period last year.
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Disruptions in transit through the Strait of Hormuz have been cited as a key factor in the company's reduced sales. Tensions arising from the U.S. and Israeli regime's war against Iran are recognized as one of the influential factors on the energy market, with noticeable impacts on gas export and production trends in the region.
Future Predictions
Fatima Al Nuaimi emphasized at this conference that despite current challenges, global demand for gas will continue its upward trend. This prediction is particularly relevant as various countries seek to reduce dependence on fossil fuels and increase the use of renewable energy. For example, many countries are developing new technologies to improve energy consumption efficiency and reduce pollution.
Overall, forecasts indicate that due to the increasing needs of industries and various economic sectors for natural gas, this energy source will continue to play a significant role in energy supply and sustainable development. Additionally, given global trends, gas-producing countries are expected to seek new markets and develop the necessary infrastructure to meet future needs.
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