Abu dhabi: ADNOC Gas Plc and its subsidiaries have secured a landmark agreement with EMSTEEL, one of the region's leading integrated steel and building materials manufacturers. This 20-year natural gas supply deal is valued between $3.5 and $4.2 billion and is set to commence on January 1, 2027. The agreement guarantees a stable and reliable supply of lower-carbon natural gas, which will power EMSTEEL's operations and facilitate its future growth.
According to Emirates News Agency, this milestone reflects the enduring partnership between ADNOC Gas and EMSTEEL and underscores their mutual dedication to promoting sustainable economic growth in the UAE. The agreement not only ensures a steady energy supply for a major industrial player in the country but also enhances ADNOC Gas' standing as a pivotal force in industrial resilience and the transition to cleaner energy.
Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, emphasized the importance of the agreement, stating, "This landmark agreement to supply EMSTEEL with lower-carbon natural gas underpins ADNOC Gas' role in boosting the UAE's industrial growth and economic development. We remain firmly committed to delivering reliable, lower-carbon energy that powers national industries, drives value creation, and helps secure the UAE's long-term prosperity."
Engineer Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, remarked on the strategic nature of the partnership, highlighting the shared commitment to maximizing In-Country Value and bolstering national economic resilience. With ADNOC Gas as a key energy partner, EMSTEEL aims to continue advancing green steel production, enhancing efficiency across its value chain, and contributing to the sustainable growth of the nation's industrial ecosystem.
In a testament to ADNOC Gas' strategic significance, the ADNOC Board of Directors recently held its annual meeting at Habshan, one of the company's critical operational sites. This decision highlights ADNOC Gas' essential role in ensuring the UAE's energy security and industrial resilience while maintaining its global reputation as a responsible and dependable energy provider. The Board's presence at Habshan signifies strong confidence in the company's direction, its workforce, and its increasing impact on the national economy.
