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The company said on Thursday it would invest in the Hail and Ghasha offshore gas fields off the coast of the Emirates. The two contracts have a total value of $16.9 billion.
A joint venture between Abu Dhabi-based National Petroleum Construction Company (NPCC) and Italian company Saipem was tasked with construction work on site. Another Italian company, Tecnimont, is responsible for the infrastructure on the mainland.
Adnoc said the project will include “innovative decarbonization technologies” to store 1.5 million tons of CO2 annually. The project is part of the Ghasha concessions in the Emirate of Abu Dhabi. The plan is to produce almost 42.5 million cubic meters of gas by 2030. The project is the first in the world that aims to “work climate neutrally,” Adnoc explains.
The analysis portal Climate Action Tracker (CAT) called the term “climate neutral” for the gas project misleading, even though it only refers to operational emissions. “There are no zero-emission fossil fuel projects,” says CAT expert Mia Moisio. The vast majority of emissions arise from the combustion of natural gas, not from its extraction.
The UN climate conference starts on November 30 in Dubai. The chairman is Adnoc boss Sultan Ahmed al-Jaber. His appointment has drawn fierce criticism from environmentalists. (SDA)
Source:Blick
I am Liam Livingstone and I work in a news website. My main job is to write articles for the 24 Instant News. My specialty is covering politics and current affairs, which I’m passionate about. I have worked in this field for more than 5 years now and it’s been an amazing journey. With each passing day, my knowledge increases as well as my experience of the world we live in today.
