Abu Dhabi National Oil Company (ADNOC) and the Dubai Supply Authority (DUSUP) have signed a strategic agreement for the sale of natural gas.
The signing of the agreement was witnessed by President Sheikh Mohamed and Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai.
Under the deal, ADNOC will supply the authority with gas to generate electricity at the Hassyan power complex in Dubai, state-run news agency Wam reported on Friday.
The move, which will replace clean coal with natural gas, will significantly reduce emissions from power-generation operations and directly support the UAE’s pledge for net zero emissions by 2050, it said.
“This agreement further strengthens energy co-operation between Abu Dhabi and Dubai, to expand the breadth and depth of our energy relations established since 1998,” Sheikh Said Ahmed bin Saeed, chairman of the Dubai Supreme Council of Energy and director general of DUSUP.
Dubai plans to become a carbon-neutral economy and generate 100 percent of the emirate’s total power needs from clean energy sources by 2050.