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MEOG COMMENTARY MEOG

from hydrocarbons which can be converted to Midstream mastery
ammonia for shipping to Japan, with the result- An important part of ADNOC’s recent strategy
ant CO2 utilised in methanol production and has been its embracing of the midstream, which
EOR. Given the region’s hydrocarbon wealth, has included the storage facilities in Fujairah as
such projects are likely to gain rapid momentum. well as India and Japan, the launch of new trad-
ing arms, trading of its Murban crude grade and
Virtuality expansion of its shipping fleet.
With ADIPEC being held virtually this year for ADNOC Logistics & Services last week said
the first time, it was appropriate that ADNOC that it had acquired another Ultramax bulk car-
used this time to announce its new ADNOC Vir- rier in addition to the two it purchased earlier in
tual Energy Center. the year. This means that the company has added
With a largely educational remit, the facility 214,000 tonnes to its bulk cargo capacity.
appears to be a virtual version of the physical Meanwhile, ADNOC kept up the trading
energy exhibit at the King Abdulaziz Centre for momentum, signing an ‘up to six-year’ supply
World Culture (Ithra) located adjacent to Ara- agreement with Vitol for the sale of 1.8mn tonnes
mco’s HQ in Dhahran in Saudi Arabia’s Eastern per year of post-2022 LNG volumes and a two-
Province. year supply agreement with Total for 750,000 tpy
ADNOC said the centre would “support of 2021 and 2022 LNG volumes.
ADNOC’s science, technology, engineering and The deals further strengthen ADNOC’s foot-
mathematics (STEM) focused initiatives aimed ing in the LNG sector and illustrate the compa-
at promoting STEM education among children ny’s overarching efforts to expand throughout
in the UAE”. the value chain.™

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