Adnoc Gas, a publicly-listed subsidiary of Abu Dhabi’s state energy giant Adnoc, sees rapid population and economic growth driving domestic gas demand growth of 4-5% annually between 2023 and 2030. Even this strong outlook is just the base case scenario, as it excludes the potentially significant impact of demand from AI data centers.
“AI data center demand is not part of that 4-5% growth outlook,” says CFO Peter van Driel. “The reason for that is I do not know exactly how big it’s going to be. The second thing is, I am pretty sure that these data centers are going to be fueled by gas, but also by solar.” The exact mix between the two has yet to be determined, and Abu Dhabi state power offtaker EWEC has yet to release its Statement of Future Capacity Requirements report for this year, suggesting that the future mix of gas, renewables and nuclear remains a live policy debate (MEES, 17 October). (CONTINUED - 755 WORDS)
