Adnoc Gas has signed a 10-year flexible gas supply deal with Abu Dhabi state offtaker Ewec, which the firms value at approximately $10bn. In a 21 January announcement, the two firms hailed a new long-term strategic partnership underpinned by the $10bn agreement.
Ewec CEO Othman al-Ali says “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.” (CONTINUED - 264 WORDS)
