Abstract

The UAE is making notable progress in diversifying its economy through tourism, trade, and manufacturing. However, in the near term, oil, natural gas, and associated industries will continue to account for the majority of economic activity. Rising gas demand from power stations and industrial users such as petrochemical makers and steel manufacturers has turned the UAE into a net gas importer in the past decade, triggering multi-billion dollar investments into nuclear power and renewables. This paper looks into the patterns of energy production and consumption in the UAE in the context the changing nature of global energy markets. The paper will analyze current and proposed national energy initiatives, and assess their impacts on the future of the country. The research analyzed a wide range of statistics obtained from various sources to highlight the current situation and predicts some future scenarios. The study also adhered SWOT analyses of the energy scene in UAE and examined the impact of some external factors. The demand for electricity in the UAE, which is almost exclusively generated from natural gas-fired power plants, is set to rise at a rate of about 9 percent per annum through to 2020.

Document Type

Article

Publisher

Zayed University

Publication Date

2017

Author First name, Last name, Institution

Fares Howari
Yousef Nazzal

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