The Total Primary Energy Supply in the United Arab Emirates stood at 54.68 Million Tonnes of Oil Equivalent (Mtoe) in 2023. Based on the forecasted data, the supply is expected to decline year-on-year: 2024 by -1.06%, 2025 by -1.07%, 2026 by -1.07%, 2027 by -1.06%, and 2028 by -1.03%. The Compound Annual Growth Rate (CAGR) for the period 2023-2028 is projected to be -1.06%, indicating a steady decrease in energy supply.
Future trends to watch for include:
- Increasing investments in renewable energy sources, such as solar and wind, reflecting a shift in the energy mix.
- Energy efficiency improvements in industries and urban infrastructure, potentially contributing to lower energy demand.
- Technological advancements in energy production and storage, which may influence future supply levels.