Global demand for liquefied natural gas (LNG) is expected to
rise significantly as more countries begin importing LNG for the first time,
according to Peter Van Driel, Chief Financial Officer of Adnoc Gas.To meet this anticipated surge in demand, the parent
company, Abu Dhabi National Oil Co. (Adnoc), is constructing a new LNG plant at
Ruwais. This facility will become operational in 2028 and will more than double
the UAE’s LNG export capacity. Neighboring countries like Oman and Qatar are expanding
their LNG production to capitalize on the growing market.We see robust growth in the UAE economy, particularly in LNG
demand, Van Driel said in a Television interview. Many markets are emerging and
transitioning to LNG imports, he added, though he did not specify which
countries.Adnoc Gas expects global gas demand to grow by 14% over the
next decade, according to its second-quarter financial results. This outlook is
more optimistic than that of the International Energy Agency, which predicts
global gas usage will peak by the end of this decade.When we decided to build the Ruwais LNG plant, we were
confident in three key areas: we had sufficient gas reserves, we knew the
construction costs, and we were certain we could sell all of the LNG,” Van
Driel explained during a roundtable discussion with reporters.
