While the global gas industry market is witnessing a great recovery and increasing demand by investors, the United Arab Emirates storms the global stock market through the prestigious gas company “ADNOC” (Abu Dhabi National Oil Company), which is distinguished in innovative solutions and discoveries in the field of gas, and this is followed by many expectations and evidence. He predicted that the company would achieve more than 2.3 billion euros during the current year.
Since the UAE gas company "ADNOC" occupied a high position on the Abu Dhabi Stock Exchange, the company recorded the largest sale on the stock exchange so far in the region amid increasing activity on trading operations in the global gas market, where the entry price was set at about 2.37 dirhams (0.61 euros). ), which will allow this company to achieve profits of more than 2.3 billion euros.
The investment program was launched and offered to the investing public at the beginning of this year to invest in the activities and operations of exploration, maintenance and marketing of gas and liquefied natural gas (GNL) in the Emirate of Abu Dhabi. around the world.
All evidence points to the belief that the huge IPO witnessed recently in the stock market will translate into great interest when shares are traded in the natural gas market, according to Rudy Baroudi, an energy consultant at Qatar-based Energy and Environment Holding Company. To further attract investors and partners, ADNOC increased its offer to about 5% of the capital, compared to the initially planned 4%, while retaining the company's 90% stake.
ADNOC is one of the world's largest exporters of oil and natural gas and is the main source of revenue for the UAE. It is worth noting that the company witnessed an exceptional economic recovery and great prosperity recently after Russia invaded Ukraine on February 24, 2022, which led to a decrease in Russian gas supplies, and thus prompted Europeans to search for alternatives in other regions, especially the United Arab Emirates, which is known globally for its leadership in the oil market.
In 2021, the UAE produced 57 billion cubic meters of natural gas, which is nearly 1.4% of global production, while LNG exports amounted to 8.8 billion cubic meters, which is about 1.7% of global trade, according to the bp report. bp Statistical Review of World Energy.
Gas is also known as being cleaner than other energy sources used from fossil fuels, such as coal or oil. LNG is also "the most important transitional fuel for hydrocarbon extraction", according to Mr. Baroudi. Mr. Baroudi added that while global efforts to combat climate change are escalating, the role of natural gas is expected to increase significantly these years, indicating that ADNOC's entry into the global trading market may create great investment and development opportunities for all global investors to achieve prosperity and advancement for the oil sector. The UAE and the UAE national economy as a whole, given the high leadership the UAE trading market enjoys in meeting international trends towards sustainability, digital transformation, adoption of financial technology tools and the latest technologies for promoting stocks and investment opportunities.
In view of the remarkable progress witnessed by the drilling technology used in the production of natural gas in recent years, it is expected that gas will be one of the main commodities that will be used to cover energy needs in the future, and this is a clear guarantee sign regarding investment in this vital material in this renewable sector. Because gas is a future source for all needs, which means that the feasibility of investing in it is great, fruitful and uninterrupted.
What are you waiting for? Trade in natural gas now! The world is currently adopting a global plan to move to cleaner and more sustainable energy sources, meaning that trading in the natural gas market is the ideal choice for small and large investors, in addition to its continuous and wide availability in many regions around the world, which makes it a reliable and stable source of trading. In addition, natural gas's low production cost and high storage and transportation capacity make it a popular choice.
Energy in many other industries and sectors, which enhances the chances of huge profitability through trading in it.