00:002025 we delivered 5.2 billion dollars whilst the oil prices were 14 percent lower than the year
00:08before so that means that if you increase your net income by three percent in a 14 percent lower
00:14oil price environment there's quite some resilience in the company now if we look forward and 26 i
00:22believe we will continue to operate in an oil price environment that is somewhat volatile however
00:29the company is able to continue to benefit from the strength of the uie demand demand in the uie for
00:39our products remains strong we serve the power sector we serve the heavy industries we serve the
00:45pet camp soon also data centers so that is where the balance comes in we are able to sustain certain
00:54volatility in the export market but the backbone of the company and you've seen that in 24 and in 25
01:00is the strength of the uie demand let's just talk about the export market peter and i wonder how are
01:10you balancing in terms of demand for the business in terms of what you need domestically and what you
01:17need as far as some of these agreements that you're seeking in the export market what is your focus right
01:23now for the business right so we believe that demand for gas remains strong in the coming decades both
01:31in the domestic market and in the international market if we look at the domestic market you can
01:37see the gdp growth of the uie which was 4.8 percent being the key driver for that strength it's also the
01:44population growth in the uie that drives demand for our gas products internationally demand for gas
01:51demand growth and we serve with our products that is lng that is lpg that's nafta those markets so
02:04we're betting not just on one market we see gas demand growth across the board both within the uie
02:11and indian energy and lpg and lpg and after export markets you recently signed an agreement with india
02:19is your expectation then for more of these agreements to come just given some of those numbers you pointed
02:24out there well today we have six mtpa of energy export facilities in abadabi and under construction
02:35is another 9.6 mtpa that's always energy that project will be ready late 28 and the majority of
02:44the volumes have already been sold so about 80 plus has been already contractually agreed with our buyers
02:52the current production we will continue to see more value from lng contracts and there are either
03:00longer term contracts or shorter term contracts and we balance that across a number of countries
03:07predominantly in the east but we also serve our customers for example in europe so it's quite a wide
03:12range of customers and the customers want security of supply and diversification of their supplies as
03:19well and we're well positioned for that can you definitively say which market will be
03:26uh the most the most the most the biggest market for lng and for adnock over the next five years could
03:33it be asia could it be europe um sitting where you are right now what does it look like
03:38where we are asia is definitely very important countries like india for example you see a huge growth
03:47in energy demand and within the mix you see that the part the share of gas is growing so it's not
03:55just the size of the cake getting bigger but it's also the part in the energy mix that gas fills is
04:02growing then we've got our markets in china we go all the way to the east do more traditional markets
04:07like korea and japan those markets we serve and then there also are a number of new entrants coming
04:13to the market think about countries like philippines thailand so the lng market longer term is very
04:20healthy in terms of supply demand shorter term you may see some oversupply but we focus on the longer
04:27term that is how we position the company for growth
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