‘Will continue to supply feedstocks, chemicals for India’s petrochemical, industrial needs’, says ADNOC’s MD

-

As India consumes more crude oil to fuel its refineries, ADNOC is “proud to be a trusted, dependable supplier”, said Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, ADNOC MD and Group CEO.

As India aims to double natural gas in its energy mix, the UAE-based major has made India its number one market for LNG.

As millions of Indian households turn to cleaner cooking fuels, we are already India’s largest supplier of LPG, he noted.

“Last year, trade between our two countries passed the $100-billion mark, a record high, spanning technology, logistics, infrastructure, health, education, culture, tourism, and of course, energy. And just last week, our President, His Highness Sheikh Mohamed bin Zayed Al Nahyan and Prime Minister Modi agreed to double bilateral trade to two hundred billion dollars by 2032. This is the scale of our shared ambition,” Jaber said.

He further highlighted that oil demand is expected to remain above 100 million barrels per day between now and 2040.

Demand for LNG will climb over 50 per cent while electricity demand will also grow by 50 per cent, he said.

He further said that ADNOC will continue to supply feedstocks and chemicals for India’s petrochemical and industrial needs.

Furthermore, as India builds out its renewable energy capacity, ADNOC is investing across 11 gigawatts of solar, wind, and storage through our global climate investment vehicle, Alterra.

He said the defining story of global energy today is growth, driven by three forces — the rise of emerging markets, rapid expansion of artificial intelligence, and the transformation of energy systems — all of which converge in India.

He pointed out that electricity demand will increasingly be driven by cooling, with global air-conditioner numbers estimated to more than triple to 5.6 billion by 2050.