UAE – US Energy Investment: AI once-in-a generation investment opportunity says ADNOC Chief
The substantially beneficial ties between UAE and USA in several developing sectors like AI, Energy, Technology are futuristic. With defined efforts into making UAE a dominating world power in AI and energy has started off with multi billion dollar agreements. Anchoring investments such as the massive investment in building the largest liquified natural gas in Texas have tightened the bond.
ADNOC Chief Sultan Al-Jabar on Tuesday in Washington DC said that the company aims to grow the energy investment between UAE and USA six fold to $440 Billion in the next 10 years.
The UAE Minister of Industry and Advanced Technology & UAE Special Envoy for Climate, Group MD & CEO of ADNOC, and Chairman of Masdar also said that “For us, the United States is not just a priority, it is an investment imperative,” reports Reuters. Jabar also stated that “AI represented a once-in-a-generation investment opportunity”.
Key Highlights of UAE investments in US Energy Sector
UAE has invested towards the largest liquified natural gas plant in Texas, along with the investments in petrochemical plants across the U.S., and a planned addition of 5.5 gigawatts of renewable energy and storage “from coast to coast.”
In announcing and presenting strategy to the US President Donald Trump, ADNOC also announced new investments. “Our partners have committed new investments worth $60 billion in upstream oil and gas, as well as new and unconventional opportunities,”Al Jabar siad, reports Economy Middle East.
Another key highlight of the strategy meeting is the projection of current energy investment of $70 Billion into six fold to $440 Billion by 2035. Energy‑rich Gulf nations join the roster of trusted partners just as U.S. data‑center grids hit their physical limits, experts said.
ADNOC is partnering with ExxonMobil, Occidental Petroleum and EOG Resources as a part of the $200 billion UAE investment announcement. ADNOC’s investment hand XRG is seeking to make a change in US natural gas and is also looking forward to global deals in chemicals, natural gas and renewables.
Trump’s visit to the UAE also devised a plan of investments for the Palisades site in Michigan with Holtec International and IHC Industrial Holding Company (IHC) also entered into a cooperation to build a fleet of Holtec’s SMR-300 small modular reactors.
Initial commitment of $10 Billion and an additional $20 Billion added for fleet projects announced towards vitalizing the American nuclear energy infrastructures, strengthen domestic energy security, and create high-skilled jobs in engineering, construction and advanced manufacturing across the US.
