Skip to content Skip to Search
Skip navigation

UAE says trans-country natural gas pipelines must for energy security

By Pramod Kumar
People, Person, Flag WAM
Suhail Al Mazrouei says 2023 will see more stability in the energy markets

UAE minister of energy and infrastructure Suhail bin Mohammed Al Mazrouei has emphasised the importance of accelerating new investments to meet rising energy demand, as a number of Opec+ member countries cut output, the UAE state-run WAM news agency said.

Speaking on the sidelines of the Global Energy Forum in Abu Dhabi, the minister affirmed the UAE’s commitment to providing the necessary support to ensure a balanced oil market, in line with its plan to advance the five million barrels per day (bpd) production target to 2027.

Emphasising the importance of accelerating investments in gas exploration and production, the minister said that the world requires trans-country natural gas pipelines, such as the Dolphin gas pipeline project, a natural gas project between Qatar, the UAE and Oman that was the first of its kind to contribute to improved energy security and integration among Gulf countries.

He added that geopolitical factors in the region and around the world influence the global energy map, expressing his hope that the current year 2023 would see more stability in the energy markets, as well as a decline in gas prices and volatility.

“Price variations have a significant impact on the economies of many countries, and since there is such a high demand for gas, we hope for new projects to be launched in this sector,” Al Mazrouei added.

Latest articles

illegal pilgrims Mecca Saudi Arabia

Illegal Hajj pilgrims risk fines and deportation

Fines for Saudi nationals and deportation for foreign residents taking part in the Hajj pilgrimage without a permit have been announced by the country’s interior ministry. Those who help illegal pilgrims also face jail as the kingdom tries to impose stricter controls over the annual rites.  A fine of SAR10,000 ($2,700) will be issued against […]

Accessories, Formal Wear, Tie

EU looks for alternatives as trade talks with GCC stall

The European Union is actively seeking alternative “avenues” for economic cooperation with the GCC following a deadlock in free trade agreement talks, said Johannes Hahn, the EU commissioner for budget and administration. “We would be interested, of course, to get an agreement [with the GCC], but we have not made a lot of progress,” Hahn […]

Emaar China Palace Hotel Downtown Dubai

Emaar Hotels reveals wide expansion plans

Emaar Hospitality Group is talking to investors in Europe, the Middle East and China to expand its footprint regionally and internationally. The Dubai-based company is behind iconic names such as The Address Hotels & Resorts, Vida Hotels, Palace Hotels & Resorts and Armani Hotels & Resorts. Mark Kirby, Emaar Hospitality’s CEO, told AGBI the company […]

Smasco provides manpower solutions for sectors such as construction, healthcare and hospitality

Saudi staffing company Smasco plans $240m from IPO

Smasco, the Saudi Manpower Solutions Company, is expected to raise between SAR840 million and SAR900 million ($224 million to $240 million) from its initial public offering after setting an indicative price range of SAR7 to SAR7.50 per share. The market capitalisation of the staffing company at listing will be between SAR2.8 billion and SAR 3 […]