PetroDiAC

In the process industry, and specifically in the oil and gas sector, the continuous availability of essential utilities is crucial for maintaining process continuity. Electricity supply, in particular, represents lifeline of any process plant also a significant cost item. As a result, many operating companies choose to generate their own power and remain almost off-grid to ensure stable operations and insulate themselves from potential power disruptions. In Abu Dhabi, the Barakah Nuclear Power Plant was commissioned in stages: Unit 1 began operations in August 2020, Unit 2 in September 2021, Unit 3 in October 2022, and Unit 4 in March 2024. The plant has significantly contributed to providing a stable and reliable power supply—not only for domestic use and small- to medium-sized industrial facilities, but also for large, energy-intensive industries like the LNG processing plant. It is also considered a source of clean energy, as it emits no greenhouse gases, thus supporting the UAE’s c...

The Global LNG Industry: Navigating Investment Challenges Amid Market Evolution The global LNG industry has evolved rapidly over the past two decades, especially in recent years, taking center stage in the energy security policies of importing nations. Natural gas producers increasingly view LNG as a safer and more flexible option that allows them to reach a broader consumer base, extending beyond regional markets despite the added cost of liquefaction.  Simultaneously, importing countries have leveraged LNG to diversify supply risks by engaging with a wider base of producers. Today, LNG offers both producers and consumers a level of flexibility approaching that of the oil industry. With over 100 nations worldwide committed to NetZero by 2050 and many of them have set their targets. One of these relatively easy target is to shift from Coal based or heavy hydrocarbon based power generation to the natural gas where LNG is available in the spot market. We also find a country like USA ...