NewBase 08 May-2023 Energy News issue - 1618 by Khaled Al Awadi.pdf

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NewBase Energy News 08 May 2023 No. 1618 Senior Editor Eng. Khaed Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Middle East eyes $120 billion spend to increase gas production
Wood Mackenzie
The Middle East is set to spend as much as $120 billion to increase gas production by 14 billion
standard cubic feet a day (bcfd) to 86 bcfd by 2030, according to a new report by Wood Mackenzie.
The report ‘The Middle East steps on the gas’ shows gas supply growth in the Middle East is a
compelling opportunity amid competition to supply Europe with the volumes lost from Russia since
the Ukraine invasion.
The expected uptick in production is equivalent to the gas consumption of the entire European
power sector and could help energy companies solve the energy trilemma of sustainability, security
and affordability.
ww.linkedin.com/in/khaled-al-awadi-80201019/

Around half of the 14 bcfd increase will be made available for export, which could have a game-
changing effect on the global gas markets, especially as the LNG liquefaction capacity in the Middle
East keeps growing. The other half will be absorbed by domestic demand growth.
“The Middle East can be part of the solution for the global gas markets as the region continues to
ramp up production from its gigantic gas reserves,” says Alexandre Araman, principal analyst for
Middle East Upstream at Wood Mackenzie.
“To fulfil the level of
production growth that we
have predicted, investments
in non-associated gas
projects are set to reach a
record US$25 billion this
year and a cumulative total
of US$120 billion by the end
of the decade.”
Qatar LNG exports should
reach 126 million tonnes per
annum (mmtpa) by 2030,
while Abu Dhabi should be
able to export 15.4 mmtpa
after its new LNG
facility comes onstream in
2028.

U.A.E: ENEC, CEO appointed Chair Elect of WNA Board of Directors
WAM
Mohamed Ibrahim Al Hammadi, Managing Director and CEO of Emirates Nuclear Energy
Corporation (ENEC), has been appointed as the Chair Elect of the World Nuclear
Association (WNA) Board of Directors.
As the position sets him up to become Chairman of the
WNA in 2024, this appointment highlights the UAE’s
continued commitment to international collaboration in the
nuclear energy sector.
The WNA, based in London, represents members
responsible for 70% of the world’s nuclear energy
generation, and its Board of Directors manages the
Association and sets its policies and strategic objectives.
Al Hammadi was appointed as a member of the WNA Board
of Directors in April 2022, and his new role as Chair Elect
further solidifies the UAE’s leadership in the nuclear energy
sector.
The UAE’s Barakah Nuclear Energy Plant, which is considered one of the most advanced
nuclear plants in the world, is widely recognized for its safety, quality, and transparency.
The plant is a model for other nations looking to diversify their energy portfolio during a
time of global energy crises, with three Units now operating commercially, contributing
to the UAE’s Net Zero strategy by 2050 and powering sustainable economic growth.
Al Hammadi’s previous appointment as President of the World Association of Nuclear
Operators (WANO) further demonstrates his expertise and leadership in the nuclear
energy sector.
His appointment highlights the UAE’s dedication to sharing best practices, knowledge,
and lessons learned with the international nuclear energy community. As Al Hammadi
takes on these new roles, the UAE’s commitment to the safe and sustainable
development of nuclear energy continues to grow.
ENEC signs MOU with key Chinese nuclear energy organisations
The Emirates Nuclear Energy Corporation (ENEC) has announced the signing of three
Memorandums of Understanding (MoUs) with the Nuclear Power Operations Research Institute,
the China National Nuclear Corporation Overseas and the China Nuclear Energy Industry
Corporation.
The signings of the MoUs were attended by Mohamed Ibrahim Al Hammadi, Managing Director and
Chief Executive Officer of ENEC. The MoUs with the Nuclear Power Operations Research Institute
and the China National Nuclear Corporation Overseas were signed by Ahmed Al Mazrouei,
Executive Director for Fuel Procurement and Analysis at ENEC and the Chinese counterparts.

The first MoU will focus on possible collaboration between the two parties in nuclear energy
operations and maintenance. Whilst the second MoU will focus on cooperation in the field of high
temperature gas-cooled reactors.
The MoU with the China Nuclear Energy Industry Corporation was signed by Dr. Mohamed
Chookah, Nuclear Fuel Management Vice President at ENEC and will focus on possible
collaboration in nuclear fuel supply and investment.
ENEC MD & CEO Mohamed Al Hammadi met with senior officials from the organisations, who
presented their business plans to discuss opportunities for future collaboration.
During the visit, Al Hammadi, who became President of the World Association of Nuclear Operators
(WANO) in October 2022 met with senior staff of the WANO Shanghai branch office to meet the
teams there and receive updates on their latest activities.
WANO includes more than 120 members responsible for operating more than 430 nuclear energy
reactors across 30 countries around the world. ENEC is responsible for the development of the
Barakah Nuclear Energy Plant, the Arab World’s first operational nuclear energy plant.
Barakah is a successful global benchmark for other nations looking to diversify their energy portfolio
during a time of international energy crises, with three units of Barakah delivered in three
consecutive years, generating up to 4,200 MW of baseload, reliable, clean electricity 24/7.
China has 56 nuclear energy plants in operation, with a further 20 units under construction.
China has recently announced a programme to invest $440 billion to build a further 150 reactors
over the next 15 years to boost their energy security and energy sustainability.

Qatar: GWC Energy created to bolster global oil and gas industry
Zawya + TradeArabia
Qatar’s logistics leader, GWC Group has floated a new subsidiary, GWC Energy, which is set to
become the preferred choice for energy projects across the globe.
GWC Energy will deliver solutions to clients in the energy sector and set new standards in integrated
shipping, logistics and marine services for companies in Qatar, across the GCC and globally. The
unveiling of GWC Energy marks a major landmark for the industry.
Sheikh Abdulla Bin Fahad Bin Jassem Bin Jaber Al Thani, GWC Chairman, said: “For two decades,
GWC has been diligent in delivering integrated logistics and supply chain solutions for local and
international companies. From day one, our focus has been world-class performance, a long-term
relationship approach, innovation, ethics and strong human capital.”
Solid foundation
Sheikh Abdulla continued: “We are excited to be building a solid foundation for sustainable growth
by leveraging our expertise in the logistics sector. This is an important moment for us, and we are
proud to be taking this step forward in our journey towards a more sustainable and prosperous
future.”
GWC Energy complements the core objectives of Tawteen in-country-value initiative which supports
the realisation of Qatar National Vision 2030.
Tawteen aims to attract companies engaged in knowledge and technology businesses, establish
sustainable and competitive in-country suppliers to meet the requirements of the energy sector, and
support the growth and diversification of Qatar’s economy.
GWC expansion
The new subsidiary will support the expansion of GWC as it aims to become the preferred choice
for energy projects in the region and globally.
Thanks to first-class health and safety and unwavering reliability, GWC has earned the trust of
multinational conglomerates and currently operates more than 380,000 sq m of specialist
infrastructure for the energy sector in Ras Laffan and Mesaieed industrial cities.
Ranjeev Menon, Group CEO, GWC, said: “The formation of GWC Energy highlights our
commitment to clients in the energy sector. We have built up extensive experience in this area,
working with clients in Qatar and around the world. Our vast infrastructure, highly-trained staff,

unwavering pledge to health and safety, and bespoke IT infrastructure allow us to handle a diverse
array of integrated solutions both offshore and onshore.”
“GWC Energy will provide expert logistics solutions for the entire energy cycle,” added Menon. “It
will be committed to helping clients achieve business growth. The ambitions and strategic targets
of our customers will sit at the heart of our actions. We are proud to be continuing our journey in the
energy sector as we support the goals of Qatar, the growth of GWC Group and ongoing value for
our esteemed shareholders.”
Cost-effective solutions
GWC Energy’s highly-trained professionals already manage the logistics requirements for a stellar
list of oil and gas clients in Qatar and across the world. The subsidiary will provide operational
excellence and cost-effective solutions. It will specialise in providing bespoke solutions while
handling a diverse array of onshore and offshore operations.
Its vast facilities are managed by experts, all knowledgeable about applicable laws, rules and
regulations, and operated according to stringent quality, health, safety and environmental
standards. GWC Energy will pride itself on the highest professionalism with a mission to deliver
world-class energy services.

NewBase May 08 -2023 Khaled Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Oil prices climb as recession fears begin to fade
Reuters + NewBase
Oil prices rose on Monday as fears of a recession in the U.S., which drove prices down for three
straight weeks for the first time since November, started receding.
Brent crude futures were up 78 cents, or 1.04%, at $76.08 a barrel at 0824 GMT. U.S. West Texas
Intermediate (WTI) crude futures were up 91 cents, also 1.28%, at $72.25 a barrel.
"Oil's rebound follows energy stocks' comeback on Wall Street last Friday after the U.S. reported
strong job data, which eased concerns about an imminent economic recession that led to the selloff
early in the week," said Tina Teng, an analyst at CMC Markets.
Fears that the U.S. banking crisis will slow the economy and sap fuel demand in the world's biggest
oil consuming nation drove the Brent benchmark down 5.3% last week, while WTI plunged 7.1%.
However a healthy U.S. jobs report for April, a weaker dollar, and expectations of supply cuts at the
next meeting of the Organization of the Petroleum Exporting Countries and allies, together called
OPEC+, in June, helped the benchmarks rebound about 4% each on Friday.
Oil price special
coverage

"Crude prices are trying to stabilize as energy traders wait to see if OPEC+ might have to signal
they are willing to reduce output even further," said Edward Moya, an analyst at OANDA.
Goldman Sachs analysts said in a note on Saturday that concerns over near-term demand due to
stress in the U.S. banking system and an industrial slowdown, and elevated global supply due to
limited compliance with OPEC+ cuts were "overblown".
The investment bank maintained its Brent price forecast of $95 per barrel by December and $100
by April. ANZ Research analysts said they believed that the market focus would now shift away
from economic concerns to tightening oil supply.
The United States is expected to report consumer price inflation figures for April on Wednesday,
which could provide further clues on interest rate moves amid broad expectations that the U.S.
Federal Reserve will pause rate hikes.
Traders this week will also keenly watch Chinese economic indicators including trade, inflation,
lending and money supply figures for April, as market participants continue to gauge economic
recovery in the world's second largest oil consumer.
"Crude prices may continue to take the rebounding tailwind," CMC Markets' Teng said.

NewBase Specual Coverage
The Energy world –May -08 -2023
CLEAN ENERGY
Why the Fight for ‘Critical Minerals’ Is Heating Up
Analysis by Mark Burton | Bloomberg + NewBase
Over more than a century, oil companies have developed a vast industrial network to extract, refine
and deliver their product to customers around the world. Sourcing the materials needed to build an
alternative, less carbon-intensive economy presents a whole new set of challenges.
China has tackled these successfully for more than a decade, making it the undisputed leader in
the “critical minerals” used in electric vehicle batteries, solar panels and wind-turbine magnets. If
the US and Europe are going to have a chance of challenging its dominance in such clean
technologies, they need to catch up fast.
1. Why “critical” minerals?
Nations have long sought to protect supplies of materials they deem vital to their industrial and
military capabilities. About 50 metallic elements and minerals currently meet those criteria in the US
and European Union.

Most were chosen for their role in building the infrastructure required to reduce carbon emissions
blamed for climate change, a mission that’s backed by hundreds of billions of dollars in subsidies
and tax breaks. Those materials include:
• Lithium, graphite, cobalt, nickel and manganese — used predominantly in EV batteries
• Silicon and tin — EVs, smart grids, power meters and other electronics
• Rare earths — wind-turbine magnets, EVs
• Copper - grids, wind farms, EVs
2. Why is sourcing them a challenge?
While many critical minerals can be found in a raw state in large quantities across the globe,
extracting and refining them into a usable form can be costly, technically challenging, energy
intensive and polluting.
China dominates the entire value chain in many of these products, accounting for more than half of
the world’s production of battery metals including lithium, cobalt, and manganese, and as much as
100% of rare earths.
Even in less rarefied metals such as copper, forecasts of massive demand growth have sparked a
realization that there might not be enough to go around. In 2023, the EU categorized copper and
nickel as critical raw materials for the first time, even though there are plenty of friendly producing
nations across the world. Senators are lobbying for the US to do the same for copper.
3. Why is relying on China a problem for western nations?
Over-dependence on supplies from any single country is something that manufacturers try to avoid
as it leaves them exposed when that country’s industrial output is disrupted by events like power
crises, pandemics or social unrest.

With China, there’s also a febrile relationship with the US to consider, as the tensions risk blowing
up into an all-out trade war involving punitive tariffs or export restrictions. Here are some precedents:
• In 2010, China blocked sales of rare earths to Japan following a dispute over ownership of a group
of islands in the East China Sea. The move shook Japan’s electronics sector and threatened to
choke off global supplies of high-power magnets produced in Japan employing rare earths from
China.
• China’s industrial hubs and logistics networks ground to a halt in the early stages of the coronavirus
pandemic, imperiling global supplies of many industrial commodities and sending their prices
soaring.
• When power curbs slashed Chinese production of silicon, it sent prices for the metalloid up 300%
in less than two months in 2021 and caused turmoil for buyers in sectors including car-making and
chemicals.
4. How did China get so dominant?
Its pre-eminence was decades in the making. As early as 1992, former leader Deng Xiaoping was
highlighting his country’s potential to lead the world in critical minerals, saying “The Middle East has
oil. China has rare earths.” As its economic growth accelerated, domestic demand for industrial
commodities began to far outstrip local reserves.
It responded with huge investments in mining assets overseas and came gradually to dominate the
refining and processing of virtually every industrial commodity, as well as a host of obscure
byproducts like tellurium, gallium and germanium that are needed in products such as solar panels,
lasers, night-vision goggles and computer chips.

Today it’s the leading producer of 20 critical raw materials, as measured by its share of global mined
or refined production. In the case of the rare earth element dysprosium, China is responsible for
84% of mined supply and 100% of refined production, according to an EU analysis.
It only mines a small amount of cobalt and nickel, but is by far the largest producer of refined forms
of the metals, and Chinese companies have been investing heavily in cobalt and nickel mines in
countries such as Congo and Indonesia.
5. What are China’s economic rivals doing about it?
President Joe Biden’s Inflation Reduction Act passed in 2022 aims to help the US meet its climate
goals through investments in renewables and EVs, curb prices of the raw materials needed for the
transition and ease reliance on unreliable or hostile overseas suppliers.
The European Union’s Critical Raw Materials Act launched in March aims to ease financing and
permitting for new mining and refining projects and strike trade alliances to reduce the bloc’s
dependence on Chinese suppliers.
Washington is working on ad hoc trade pacts to ensure its incentives to boost domestic production
don’t end up locking friendly suppliers in the EU and Japan out of the US market. The US and
Europe are also looking to set up a “buyers’ club” to strike supply deals and investment partnerships
with producing nations.
At a meeting of Group of Seven nations in April, ministers agreed to commit $13 billion to fund new
mining projects. Germany is planning a similar fund worth as much as €2 billion.
6. Will it work?
With China and other nations with fast-growing economies increasingly restricting exports of
industrial raw materials, the US and the EU are rushing to build their own refining capacity. But
sourcing the mined product required is more problematic.
In Congo, for instance, the US has signed a preliminary agreement to help the country develop an
EV supply chain. However, more than half of the country’s cobalt mines are already owned or
controlled by Chinese companies.

The sanctioned Israeli billionaire Dan Gertler has interests in the other large-scale mines that aren’t
in Chinese hands. The Congolese government is lobbying to get the US sanctions on Gertler lifted,
but doing so would leave the Biden administration open to accusations of double standards.
7. How is China responding to the US push?
Even before any direct response from Beijing, Chinese companies look set to consolidate their grip
on key metals such as nickel and cobalt. In lithium, while the US is building out supply networks
with free-trade partners such as Canada and Australia, China is consolidating its relationships with
African nations that are expected to be among the world’s biggest producers of the metal by the
end of the decade.
In rare earths, there are signs that China may seek to forestall the west’s efforts to build new mining
and processing capacity by restricting exports of key technology and equipment.

NewBase Energy News 08-May 2023 - Issue No. 1618 call on +971504822502, UAE
The Editor:” Khaled Al Awadi” Your partner in Energy Services
NewBase energy news is produced Twice a week and sponsored by Hawk Energy Service – Dubai, UAE.
For additional free subscriptions, please email us.
About: Khaled Malallah Al Awadi,
Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME member since 1995
Hawk Energy member 2010
www.linkedin.com/in/khaled-al-awadi-38b995b
Mobile: +971504822502
khdmohd@hawkenergy.net or khdmohd@hotmail.com
Khaled Al Awadi is a UAE National with over 30 years of experience in the Oil & Gas
sector. Has Mechanical Engineering BSc. & MSc. Degrees from leading U.S.
Universities. Currently working as self leading external Energy consultant for the
GCC area via many leading Energy Services companies. Khaled is the Founder of
the NewBase Energy news articles issues, Khaled is an international consultant,
advisor, ecopreneur and journalist with expertise in Gas & Oil pipeline Networks,
waste management, waste-to-energy, renewable energy, environment protection
and sustainable development. His geographical areas of focus include Middle East,
Africa and Asia. Khaled has successfully accomplished a wide range of projects in
the areas of Gas & Oil with extensive works on Gas Pipeline Network Facilities & gas
compressor stations. Executed projects in the designing & constructing of gas pipelines, gas metering &
regulating stations and in the engineering of gas/oil supply routes.
Has drafted & finalized many contracts/agreements in products sale, transportation, operation &
maintenance agreements. Along with many MOUs & JVs for organizations & governments authorities.
Currently dealing for biomass energy, biogas, waste-to-energy, recycling and waste management. He has
participated in numerous conferences and workshops as chairman, session chair, keynote speaker and
panelist.
Khaled is the Editor-in-Chief of NewBase Energy News and is a professional environmental writer with over
1400 popular articles to his credit. He is proactively engaged in creating mass awareness on renewable
energy, waste management, plant Automation IA and environmental sustainability in different parts of the
world. Khaled has become a reference for many of the Oil & Gas Conferences and for many Energy program
broadcasted internationally, via GCC leading satellite Channels. Khaled can be reached at any time, see
contact details above.

NewBase 08 May-2023 Energy News issue - 1618 by Khaled Al Awadi.pdf

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