The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) will be held in November this year. It is the third largest gas and oil event in the world and this year it will highlight the evolution of energy and shift in the balance of hydrocarbon power from oil to gas in the region.
“Amid rapid growth in energy demands across the region, gas offers a cheaper, cleaner and abundant solution to our energy supply chain challenges. We believe it is the right time to address the needs of the burgeoning gas sector given the need to diversify our energy mix and cater to domestic demand,” said Mohammed A. Sahoo AlSuwaidi, Director of Gas Directorate at ADNOC and ADIPEC 2013 Chairman.
Under the theme ‘Energy for all in a Changing World’, the four-day event will also feature new components including a dedicated business conference, an expanded technical conference, a focus on the role of women in the gas and oil industry, and the addition of ‘Young ADIPEC’ – a comprehensive programme designed to encourage the industry’s future leaders.
Currently, the Middle East and North Africa (MENA) region is home to more than 52 per cent of the world’s proven oil reserves, and 42 per cent of the world’s proven gas reserves. With natural gas considered a cleaner alternative to coal as a fuel for energy production, its demand is set for continued growth as governments adopt policies to reduce the environmental impact of energy generation.
“To underscore our commitment to expanding our capacity, ADNOC has invested nearly US$40 billion in oil, gas, refining and petrochemical projects of which US$25 billion is dedicated to gas. This is a reflection not just of a regional trend but of a global one towards gas as a source fuel for energy and its importance to the future of the UAE along with oil, nuclear and renewables,” AlSuwaidi added.
