GE is close to a deal with Abu Dhabi Gas Industries (Gasco) that could convert a significant portion of the gas it flares off wastefully into usable energy.
The deal would come at a particularly opportune time for the UAE, which is facing a gas crunch because of soaring domestic demand, requiring it to increase its natural gas imports.
Also, the potential savings for the oil and gas sector of Dh3 billion a year through more efficient use of its gas is attractive at a time when Abu Dhabi’s oil revenues are suffering after the 60 per cent collapse in the oil price at the end of last year.
GE said the scope of the deal is not yet determined, but it is expected to be part of a broader initiative – “greening Gasco” – agreed late last year by the two companies, according to Marwan Al Roub, the executive director of GE Innovation Centers in the UAE and Saudi Arabia.
As well as the gas flare conversion programme, the initiative includes a GE training programme for Gasco staff, plus joint R&D projects.
The latter has also not yet been determined but GE has been pushing its “industrial internet” capabilities in recent years, which include such products as digital measurement, management and control of gas turbine fleets.
GE has supplied 70 per cent of the installed fleet of gas turbines used to generate Abu Dhabi’s electricity.
Gasco is the Adnoc-controlled division that manages onshore gas processing and transportation in Abu Dhabi. The company first began consulting with GE about efficiency measures – including gas flare reduction – in 2010.
GE has undertaken several evaluations since then, which includes Gasco’s Habshan natural gas complex, located 300 kilometres south-west of Abu Dhabi, which began implementing a gas flare reduction initiative in 2013.
Separately, GE yesterday published with Masdar a white paper evaluating the potential for saving energy in the UAE, which estimates that the oil and gas sector alone could save Dh3bn a year through efficiency measures.
To arrive at the number, the authors of the report did a cost-benefit analysis of conversion of flaring of associated gas in Abu Dhabi’s 58 onshore and offshore oil rigs, as well as of conversion of waste heat to power at the emirate’s refineries. It evaluated both the money saved through more efficient energy use as well as that saved on government subsidies for energy use.
The white paper determined that the potential savings overall from energy efficiency measures in the UAE is Dh20bn a year.
Mr Al Roub said that the biggest area to achieve this is in efficiencies in buildings, which can be achieved by deploying myriad technologies. Lighting also still has large potential, even though significant progress has already been made in converting to LED technologies, particularly in Dubai’s public lighting.
amcauley@thenational.ae
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Killing of Qassem Suleimani
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
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At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
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The smuggler
Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
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UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Hili 2: Unesco World Heritage site
The site is part of the Hili archaeological park in Al Ain. Excavations there have proved the existence of the earliest known agricultural communities in modern-day UAE. Some date to the Bronze Age but Hili 2 is an Iron Age site. The Iron Age witnessed the development of the falaj, a network of channels that funnelled water from natural springs in the area. Wells allowed settlements to be established, but falaj meant they could grow and thrive. Unesco, the UN's cultural body, awarded Al Ain's sites - including Hili 2 - world heritage status in 2011. Now the most recent dig at the site has revealed even more about the skilled people that lived and worked there.
Leap of Faith
Michael J Mazarr
Public Affairs
Dh67
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Off-roading in the UAE: How to checklist
Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
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Political flags or banners
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Bikes, skateboards or scooters
The specs
Engine: 3.0-litre six-cylinder MHEV
Power: 360bhp
Torque: 500Nm
Transmission: eight-speed automatic
Price: from Dh282,870
On sale: now
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia