RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2020-10-02 11:05:00

U.S., ISRAEL, UAE ENERGY COOPERATION

U.S., ISRAEL, UAE ENERGY COOPERATION

PLATTS - 02 Oct 2020 - The US, Israel and the UAE agreed to cooperate in the fields of oil, gas and renewables among other energy sectors, following the signing of a peace agreement between Israel and the UAE in September.

The three countries "agree to encourage greater coordination in the energy sector, including renewable energy, energy efficiency, oil, natural gas resources and related technologies, and water desalination technologies," according to a joint statement by the energy ministers of all three countries posted on the US Department of Energy website Oct. 1.

"Israel, the United Arab Emirates, and the United States are committed to exploring collective activities in multilateral settings in coordination with financial institutions and the private sector to enhance international investment in research and development and the rapid adoption of new energy technologies," the statement added.

The UAE, which signed a peace agreement with Israel in Washington on Sept. 15, may cooperate with Israel in the fields of water desalination and solar power, as OPEC's third-largest oil producer seeks to generate 44% of its power from renewable energy by 2050, energy minister Suhail al-Mazrouei said Sept. 14.

Capacity boost

The UAE is the first member of the Gulf Cooperation Council to seek a peace deal with Israel, which has two other such pacts with Middle East countries Jordan and Egypt, besides the Oslo peace accords with the Palestinians. The GCC also includes Bahrain, Qatar, Oman, Kuwait and Saudi Arabia.

Both the UAE and Bahrain signed on Sept. 15 peace agreements with Israel in Washington, and US President Donald Trump expects more Middle East countries to normalize ties with Israel.

Abu Dhabi National Oil Co., the UAE's biggest energy producer, is planning to ramp up its crude production capacity to 5 million b/d by 2030 from 4 million b/d currently, with the help of international oil companies. It is also boosting gas production.

In addition, the UAE is undertaking various solar projects in a bid to diversify its energy mix and free up oil and gas for export. It wants to generate 50% of its power from clean and renewable energy, including nuclear power, by 2050.

The UAE became the first Gulf country to generate power from nuclear energy this year, with the start-up of one of its four nuclear reactors. Once all the reactors are operational, they will produce 5.6 GW of nuclear energy, meeting up to 25% of the country's power needs.

2030 goal

Israel has made large strides in gas production with the discovery of two giant fields in the last decade.

Gas production from the giant Leviathan field, which holds 22 Tcf (620 Bcm) of recoverable gas reserves, began at the end of December 2019.

It was discovered in 2010, but development was slow due to difficulty monetizing the resource.

Leviathan is the second major gas field in Israel to begin production following the 2013 start-up of the Noble-operated Tamar field, which continues to serve the domestic market.

Israel's energy ministry also announced in June a Shekel 80 billion ($23.3 billion) plan to boost the share of solar power in the energy mix due to surging demand and population growth.

The country, which generated 5% of its electricity from solar energy in 2019, wants to boost that level to 30% or 16 GW by 2030.

Israel currently relies mostly on gas and coal to produce electricity.

-----


Earlier:

U.S., ISRAEL, UAE ENERGY COOPERATION
2020, September, 25, 13:15:00
U.S. GAS CONSUMPTION DOWN
Natural gas consumption in the U.S. industrial sector declined from 25.4 billion cubic feet per day (Bcf/d) in January 2020 to 20.1 Bcf/d in June 2020,
U.S., ISRAEL, UAE ENERGY COOPERATION
2020, September, 24, 12:25:00
UAE RENEWABLES + NUCLEAR
UAE strategy targets an energy mix of 44% renewables, 38% gas, 12% clean coal, and 6% nuclear.
U.S., ISRAEL, UAE ENERGY COOPERATION
2020, September, 22, 13:10:00
U.S. DRILLING: THE LOWEST
the U.S. total drilling for the year will definitely be the lowest since before 1940.
U.S., ISRAEL, UAE ENERGY COOPERATION
2020, September, 15, 16:30:00
U.S. PRODUCTION: OIL (-68) TBD, GAS (-428) MCFD
Crude oil production from the major US onshore regions is forecast to decrease 68,000 b/d month-over-month in September from 7,708 to 7,640 thousand barrels/day, gas production to decrease 428 million cubic feet/day from 81,026 to 80,598 million cubic feet/day .
U.S., ISRAEL, UAE ENERGY COOPERATION
2020, September, 15, 16:25:00
U.S. FOSSIL FUELS 80%
In 2019, 80% of U.S. domestic energy production was from fossil fuels, and 80% of domestic energy consumption originated from fossil fuels.
U.S., ISRAEL, UAE ENERGY COOPERATION
2020, September, 3, 12:35:00
U.S. LNG WILL UP
LNG became “the worst-performing global energy commodity” during the pandemic, the Institute for Energy Economics and Financial Analysis (IEEFA) said on July 29.
All Publications »
Tags: USA, ISRAEL, UAE, ENERGY
Chronicle:
U.S., ISRAEL, UAE ENERGY COOPERATION
2021, October, 18, 12:24:00
Ключевые компании водородной индустрии России и стран СНГ уже подтвердили участие
350+ руководителей, заинтересованных в развитии водородной энергетики из России и СНГ, уже подтвердили свое участие в международной конференции и выставке «Водород Россия и СНГ», которая пройдёт 20-21 октября 2021 в Москве.
U.S., ISRAEL, UAE ENERGY COOPERATION
2021, October, 18, 12:20:00
GERMANY'S RENEWABLES 239 TWH
The German transmission systems operators (TSOs) 50Hertz, Amprion, TenneT and TransnetBW anticipate the installation of 8.2 GW of renewable energy capacity in 2022 and a renewable power production increase by 5% to 239 TWh
U.S., ISRAEL, UAE ENERGY COOPERATION
2021, October, 18, 12:15:00
POLISH NUCLEAR FOR CLIMATE
Poland, which generates 70% of its electricity from coal, has plans to build several nuclear power reactors to greatly reduce its reliance on the most carbon-intensive fossil fuel and meet climate goals,
U.S., ISRAEL, UAE ENERGY COOPERATION
2021, October, 18, 12:10:00
DENMARK OFFSHORE WIND 3 GW
The offshore wind project at the Bornholm island may have an installed capacity of 3 GW, instead of 2 GW.
U.S., ISRAEL, UAE ENERGY COOPERATION
2021, October, 18, 12:05:00
VIETNAM COAL POWER WILL UP
The draft Power Development Plan 8 (PDP 8) of Vietnam forecasts an installed capacity of 144 GW in 2030, with coal-fired power plants accounting for 31% of the country's installed capacity in 2030.
U.S., ISRAEL, UAE ENERGY COOPERATION
2021, October, 18, 12:00:00
U.S. RIGS UP 10 TO 543
U.S. Rig Count is up 10 from last week to 543 , Canada Rig Count is up 1 from last week to 168.
U.S., ISRAEL, UAE ENERGY COOPERATION
2021, October, 15, 09:40:00
OIL PRICE: ABOVE $84
Brent rose 62 cents, or 0.7%, to $84.62 a barrel. WTI rose 56 cents, or 0.7%, to $81.87 a barrel.
All Publications »