7th & 8th
largest gas and oil reserves, respectively, in 2020.
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This analysis includes a comprehensive United Arab Emirates energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2020 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
7th & 8th
largest gas and oil reserves, respectively, in 2020.
-23.5%
reduction of GHG emissions targeted for 2030.
4 GW
nuclear capacity commissioned in 2020 and 2021.
Abstract
Institutions & Energy Policy
The United Arab Emirates (UAE) is a federal state made up of seven emirates: Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah. The UAE is bordered by Oman to the east and Saudi Arabia to the south; it shares sea borders with Qatar, Iran, and Pakistan. The federal structures draft the outlines of general policies, while the emirates implement those policies.
Energy Supply
Oil:
Oil production decreased by 8%, reaching 174 Mt in 2020 due to the COVID-19 pandemic. It had previously remained stable between 2015-2019 at around 180 Mt after a rapid increase of around 6%/year between 2010 and 2015.
The country exports around 80% of its production (2020), almost exclusively to Asia and the Pacific region.
Energy Prices
Oil:
The prices of gasoline and diesel were deregulated in 2015. The new pricing formula is based on average global prices plus operating costs.
Motor fuel prices are among the lowest in the world: US$0.51/l for gasoline and US$0.58/l for diesel (2020). They have been declining since 2018.
Graph: GASOLINE & DIESEL PRICES (US$/l)
Energy Consumption
Total energy consumption per capita is very high (the 11th highest worldwide in 2020) and represents 6.3 toe in 2020. Per capita electricity consumption is also very high at 12.5 MWh in 2020 (9th highest in the world), because of air conditioning in buildings and electro-intensive industries (aluminium).
Issues & Prospects
Electricity:
The sharp growth in the consumption of electricity has led the UAE to commit to making important investments for the construction and extension of power plants. Accordingly, the total capacity should increase by 45% to around 58 GW in 2022.
Below is a list of the United Arab Emirates energy market report graphs:
In the United Arab Emirates energy market report you will find the following tables:
The United Arab Emirates energy market data since 1990 and up to 2020 is included in the Excel file accompanying the United Arab Emirates country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The United Arab Emirates country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
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