With the world’s seventh-largest proven petroleum reserves. The UAE may be a responsible producer and an important partner in global energy markets.
In addition to being a crucial supplier of energy, the UAE is now becoming an increasingly relevant consumer of energy. The UAE will continue its long tradition of responsible energy stewardship. Because it develops and diversifies its economy. Accelerates the event of additional hydrocarbon reserves and contributes. To the event and implementation of other energy sources.
Seeking Innovations to enhance Efficiency
Much of the UAE’s current petroleum production is formed possible by the reinjection of gas. Spice up pressure within the nation’s major oil reservoirs. Without this massive program, the UAE’s crude production would stagnate and decline. The UAE is additionally testing as well as carbon capture and sequestration technologies to exchange the reinjection of gas. this is able to enhance exports of gas. Create more flexibility in boring and supply important global environmental benefits. In 2013, a venture between Masdar and therefore the Abu Dhabi National company created. The center East’s first company focused on commercial-scale projects for carbon capture, usage, and storage.
Lowering Consumption, Boosting Exports
In 2005, the UAE became one of the primary major oil-producing countries to ratify the Kyoto Protocol to the UN Convention on global climate change. As a part of its energy as well as a diversification strategy. The UAE is functioning during a sort of ways to scale back its carbon footprint, meet its own domestic energy needs and expand exports:
The UAE is exploring atomic energy to satisfy the rapidly growing demand as well as for electricity, thanks to tremendous growth also as intense water desalination requirements. This reduces domestic demand for gas and therefore the need for dirty, oil-burning power plants wont to meet peak demand during hot summer months.
