UAE’s power in the field of energy and the visit of the Austrian Chancellor to Abu Dhabi

 

UAE

Austrian Chancellor Karl Nehammer is scheduled to visit Abu Dhabi, the capital of the United Arab Emirates (UAE), this week, in an effort to secure more natural gas supplies from the UAE. The visit to the UAE is aimed at reducing Austria's heavy energy dependence on Russia, his office said on Monday. According to Nehammer, the UAE’s power in the field of energy plays a major role in ensuring the security of the supply.

Austria has been facing problems since Russia's invasion of Ukraine. The country struggled to find alternative sources of natural gas, which is important for energy-intensive industries as most of Austria's electricity comes from renewables.

According to a statement issued by his office, Nehammer will be travelling to the UAE capital with his finance minister Magnus Brunner as well as his minister for energy and the environment, Leonore Gewessler of the Greens, to discuss how Austria can reduce its dependence on Russia.

The UAE is considered the biggest oil producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia and Iraq.

The UAE is one of only five countries that exports and imports liquefied natural gas, and there’s a demand for UAE LNG. The country also aims to increase its crude production capacity to 5 million barrels per day by 2025.

The UAE’s Barakah Nuclear Energy Plant also aims to guarantee the UAE's energy security and energy sustainability to tackle climate change. Earlier this month, the Emirates Nuclear Energy Corporation (ENEC) announced that Unit 3 of the Barakah Nuclear Energy Plant, was successfully connected to the unit to the UAE’s transmission grid.

The four units at the Barakah plant are already contributing 25% of the UAE’s National Determined Contributions to Net Zero.

Last week, Suhail al-Mazrouei, the minister of energy in the UAE, said that his country is committed to increasing its oil production capacity. According to the minister, Abu Dhabi National Oil Company (ADNOC), the State-owned oil company of the UAE and the world's 12th largest oil company by production, is aiming to produce the cleanest barrel on the planet.

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