Energy

A string of investments in both conventional and alternative resources is ensuring that Abu Dhabi sits at the very centre of the global energy map. The UAE increased production by approximately 14.2% during 2011 to 3m bpd of crude and condensate, faster than any other country in the GCC region. Yet despite vast reserves promising more than 80 years of production at current rates and conditions, and with some 93% of the UAE’s natural gas reserves located in Abu Dhabi, the government is nevertheless keen to develop the latest in enhanced oil recovery technologies to maximise its onshore and offshore assets. Additionally, the government aims to draw 7% of the emirate’s total generation capacity from renewable sources by 2020, a target that surpasses those of all neighbouring Gulf countries and which is expected to keep up the pressure for large investments in utility-scale projects over the coming years. This chapter includes interviews with Abdulla Nasser Al Suwaidi, Director-General, Abu Dhabi National Oil Company (ADNOC); and Mohamed Al Hammadi, CEO, Emirates Nuclear Energy Corporation (ENEC). It also features a viewpoint with Sultan Al Jaber, CEO, Masdar.