Perhaps, the needs for more oil supply is quite alarming for the United Arab Emirates. Though, is among the 10 percent of the world's reserves, it is still pursuing for a peaceful nuclear energy program to resolute the natural gas supply shortage, as they consider it cheaper alternative than any other energy alternatives. The action is now in negotiation with the International Atomic energy Agency.
Power demand in the U.A.E. is surging as it uses record oil revenue to develop new industries and infrastructure. Abu Dhabi, the biggest of the U.A.E.'s seven emirates, will need to build additional power capacity this year to avoid a blackout in 2012, according to a study published last month by the Abu Dhabi Electricity & Water Co.
Abu Dhabi started importing natural gas from Qatar this year because its own deposits are too high in sulpher, making it too costly to process for power plants. U.A.E. power demand is rising 9 percent a year on an oil-fueled economic boom, Moody's Investors Service has reported.
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