The announcment comes a few weeks after Dewa announced that it increased the share of renewable energy targets in Dubai’s energy mix to seven per cent by 2020.
The announcment comes a few weeks after Dewa announced that it increased the share of renewable energy targets in Dubai’s energy mix to seven per cent by 2020.
Pakistan, with 180 million people and insufficient domestic gas output of its own, is looking to LNG to help tackle serious energy shortages and frequent power cuts.
The increase from the Organisation of the Petroleum Exporting Countries adds to excess supply in the market.
Goldman Sachs said the bombing of Yemen would have little effect on oil supplies.
Region’s district cooling sector ready for challenges ahead.
Saudi Arabia’s Opec governor Mohammed Al Madi said on Sunday that he believed it would be difficult for oil to reach a price range of $100-120 per barrel again.
Saudi investments are projected to fall to $127 billion for 2015-2019 from more than $170 billion for 2014-18.
The conference was attended by Saleh Mohamed bin Nasra Al Amri, the UAE Ambassador to Qatar.
A senior official at the Energy Ministry said the UAE has set a target to generate 24 per cent of its energy from renewable and nuclear power by 2021.
Economies including Qatar, Iraq, Libya and Saudi Arabia, will be hit hardest by the more than 50 per cent decline in petroleum prices, IMF says in its updated outlook.