NewBase 09 June 2025 Energy News issue - 1795 by Khaled Al Awadi Rec_compressed.pdf

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NewBase Energy News 09 June 2025 No. 1795 Senior Editor Eng. Khaled Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
UAE sets global benchmark in peaceful nuclear energy
development
WAM + NewBase Energy
The UAE continues to cement its status as a global role model in developing a peaceful nuclear
energy programme that adheres to the highest standards of safety, transparency, and international
cooperation.
This comes at a time when the world is increasingly turning to reliable energy sources that can
support the transition to climate neutrality.
From the outset, the UAE adopted a collaborative and open approach, forging robust international
partnerships, most notably with the Republic of Korea and the United States, to drive forward its
nuclear ambitions.
ww.linkedin.com/in/khaled-al-awadi-80201019/
The construction of the Barakah Nuclear Energy Plant has also
stimulated the creation of a new cutting-edge industry in the UAE.
The plant’s operation is boosting national studies in nuclear sciences
and offering educational and training opportunities for Emirati
youth.
To date, over 2,000 highly skilled Emiratis have participated in the
development of the plant. During the construction phase alone, the
delivery of the four units at Barakah yielded $6.7 billion (AED22.5
billion) in local procurement, making the UAE’s peaceful nuclear
energy program a major driver of in-country value.

Mohamed Al Hammadi, Managing Director and Chief Executive Officer of Emirates Nuclear Energy
Corporation (ENEC), highlighted the international stature of the UAE’s peaceful nuclear energy
programme.
He highlighted the country’s success in developing a global model for integrating nuclear power into
a diverse and innovative energy portfolio.
Al Hammadi noted that this achievement is rooted in the visionary leadership of the UAE, a clearly
defined roadmap, and a firm commitment to the highest standards of safety and transparency,
underpinned by strong international cooperation.
In statements to the Emirates News Agency (WAM), Al Hammadi added that the UAE has been a
pioneer in international cooperation and coordination within the nuclear energy sector. He pointed
to the country's significant efforts in this vital field, which culminated during the COP28 with over 30
nations pledging to triple global nuclear energy capacity by 2050 as part of the drive toward climate
neutrality. Additionally, nearly 120 companies and banks worldwide committed to supporting this
ambitious goal.
He also highlighted the innovative model of
international cooperation between the UAE and
the U.S, which addresses the demands of the
modern era and its rapid technological
advancements, particularly in the fields of artificial
intelligence and data centres.
Al Hammadi emphasised that securing clean and
reliable energy sources, such as nuclear power, is
essential to support initiatives like the ‘'Stargate
UAE’' project. Launched by a consortium of tech
companies, the initiative aims to position Abu
Dhabi at the forefront of the global AI revolution.
For their part, key UAE entities, led by the Emirates Nuclear Energy Company (ENEC) and the
Federal Authority for Nuclear Regulation (FANR), play a central role in advancing the UAE’s nuclear
programme. Through a robust network of strategic and technical international partnerships, these
institutions have facilitated knowledge transfer, experience exchange, and the development of
specialised human capital.
Cooperation with the Republic of Korea has served as the cornerstone for the successful
development of the Barakah Nuclear Energy Plant. Over time, this partnership has expanded to
include new investment opportunities in international ventures, including the deployment of Small
Modular Reactors (SMRs).
On the regulatory front, the UAE’s Federal Authority for Nuclear Regulation (FANR) maintains
agreements with its Korean counterpart covering joint inspections and capacity building. These ties
are further strengthened through regular meetings to monitor technological advancements and
regulatory developments.
With the United States, the UAE has signed a series of strategic agreements aimed at advancing
nuclear innovation and sustainability. These include a Memorandum of Understanding with the U.S.
Department of Energy’s Idaho National Laboratory (INL) to develop solutions for producing
hydrogen, water, and steam at the Barakah Nuclear Energy Plant.

The UAE has also partnered with TerraPower to support the development of advanced reactors,
and signed an MoU with General Atomics (GA), a leading US advanced technology solutions
company, to collaborate on using advanced technologies and materials for nuclear energy supply.
Most recently, a partnership was announced with GE Vernova to jointly evaluate the deployment of
the BWRX-300 Small Modular Reactor (SMR) technology internationally.
As part of its efforts to expand its network of strategic partnerships, the UAE is actively exploring
avenues of cooperation with China in the development and operation of nuclear power plants, both
domestically and in third countries. Areas of collaboration include the operation and maintenance
of nuclear facilities, the development of high-temperature gas-cooled reactors, nuclear fuel supply
chains, and investment opportunities.
In parallel, FANR has strengthened its ties with counterpart agencies through agreements that
enhance cooperation in nuclear safety, security, non-proliferation, and capacity building, further
reinforcing the UAE’s commitment to global nuclear governance.
In a move that underscores the expanding international footprint of the UAE’s nuclear programme,
ENEC has signed a cooperation agreement with Romania. As part of the agreement, the UAE will
support the development of a Small Modular Reactor (SMR) project in Romania, backed by an
investment of $275 million.
The UAE continues to affirm its leadership as a regional model for countries pursuing nuclear energy
as a strategic option.
UAE and the Kingdom of Saudi Arabia have concluded the first bilateral cooperation initiative in the
nuclear regulatory industry. The cooperation follows the 2019 agreement on the Peaceful Use of
Nuclear Energy between the two nations.
This was followed by regulatory partnerships focused on exchanging expertise, enhancing
legislative frameworks, and strengthening emergency preparedness.
Further expanding its regional outreach, the UAE and Egypt have signed a Memorandum of
Understanding (MoU) at COP28. The MoU sets the framework to explore opportunities for
cooperation in advancing the use of peaceful nuclear energy and knowledge exchange.

U.S.A: Gulf of America oil, natural gas production expected to
remain stable through 2026
U.S. EIA, Short-Term Energy Outlook (STEO), May 2025
We forecast crude oil production in the Federal Offshore Gulf of America (GOA) will average 1.80
million barrels per day (b/d) in 2025 and 1.81 million b/d in 2026, compared with 1.77 million b/d in
2024, in our most recent Short-Term Energy Outlook (STEO).
We expect GOA natural gas production to average 1.72 billion cubic feet per day (Bcf/d) in 2025
and 1.64 Bcf/d in 2026, compared with 1.79 Bcf/d in 2024. At these volumes, the GOA is forecast
to contribute about 13% of U.S. crude oil production and 1% of U.S. marketed natural gas production
in 2025 and 2026.
We expect operators to start crude oil and natural gas production at 13 fields in the GOA during
2025 and 2026, without which GOA production would decline. Eight fields will be developed
using subsea tiebacks or underwater extensions to existing Floating Production Units (FPUs) at the
surface. Five fields will produce from four new FPUs, with one of the new FPUs (Salamanca FPU)
targeting production from two fields.
We expect the additional crude oil production from all new fields will contribute 85,000 b/d in 2025
and 308,000 b/d in 2026. We expect associated natural gas production from the new fields will
average 0.09 Bcf/d in 2025 and 0.27 Bcf/d in 2026.
Three fields began producing earlier this year:
 Whale
Whale, one of the largest fields expected to come online in 2025 and 2026, started producing in
January 2025 from a new FPU of the same name. The Whale FPU, located in more than 8,600
feet of water, is expected to produce around 85,000 b/d of crude oil at its peak.
 Ballymore
The Ballymore field started production in April 2025 as a subsea tieback to the existing Blind Faith

facility, and it is expected to produce 75,000 b/d from the Ballymore wells in the emerging Upper
Jurassic/Norphlet play.
 Dover
The Dover field also started production in April as a subsea tieback to the existing Appomattox
facility with expected peak production of around 15,000 b/d.
Production coming online in the second half of 2025:
 Shenandoah
The Shenandoah field, which will produce from an FPU of the same name, is scheduled to start
production in June 2025 with an initial capacity of 120,000 b/d, which will be expanded to
140,000 b/d in early 2026. The Shenandoah Phase 1 development will use new technologies to
produce from a deepwater high-pressure field.
 Leon and Castile
Another new FPU we expect to come online in the second half of 2025, Salamanca, will process
oil and natural gas from the Leon and Castile discoveries. The Salamanca project involved
refurbishing a previously decommissioned production facility and has a capacity of 60,000 b/d of
oil and 40 million cubic feet per day of natural gas.
 We expect other subsea tiebacks to existing facilities to enter production in late 2025: Katmai
West, Sunspear, Argos Southwest Extension, and Zephyrus Phase 1.
Production coming online in 2026:
Three new subsea tiebacks are expected to begin production in 2026: Silvertip Phase
3, Longclaw, and Monument, a subsea tieback to the Shenandoah FPU.
Hurricanes in the Gulf of America could disrupt the production and development timeline of these
new fields. Colorado State University anticipates that the 2025 Atlantic Basin hurricane season will
have above-normal activity with 17 named storms.

China & India lead modest revival in Asia thermal coal imports
Reuters - Clyde Russell
There are some tentative early signs that weak thermal coal prices are starting to boost import
demand among Asia's heavyweight buyers China and India. Asia's seaborne imports of the fuel
used mainly to generate electricity rose to a five-month high of 74.12 million metric tons in May,
according to data compiled by commodity analysts Kpler.

This was up from 68.56 million tons in April, although it was still below the 78.30 million tons from
May 2024. For the first five months of the year Asia's imports of seaborne thermal coal were 346.96
million tons, down 7.0% from the same period in 2024.
The decline was largely been driven by weaker demand from China and India, the world's two
biggest importers of coal.
China's seaborne imports of thermal coal were 116.62 million tons in the January-May period, down
13.6% from the same period in 2024, while India's were 71.07 million, a decline of 4.7%.
China's appetite for seaborne coal has waned so far in 2025 after reaching a record in 2024, as
strong domestic output and higher hydropower and renewable energy curbed coal-fired generation.
The latest available data showed China produced 389.31 million tons in April, up 3.8% from the
year-earlier month, while output for the first four months of the year was 1.58 billion tons, up 6.6%.
India's domestic coal production has also been trending higher, with official data showing output of
86.24 million tons in May, up from 83.96 million in the same month last year.
Asia's seaborne coal prices have been sliding in response to the higher domestic output in China
and India, with grades from both top exporters Indonesia and Australia hitting four-year lows.
Indonesian coal with an energy content of 4,200 kilocalories per kilogram (kcal/kg), as assessed by
commodity price reporting agency Argus, dropped to $46.20 a ton in the week to May 30, down
from $47.46 the prior week and the lowest since April 2021.

The grade , which is favoured by both Chinese and Indian buyers, has been trending lower since
October 2023, and is now down 25% over that time period.
Australian coal with an energy content of 5,500 kcal/kg dropped to $66.84 a ton in the week to May
30, the lowest since late May 2021 and a drop of 37% from October 2023, when it started its current
downtrend.
This grade is largely favoured by Chinese buyers, as utilities in Japan and South Korea prefer higher
quality coal.
Seaborne thermal coal imports by China, Japan, India
CHINA GAINS
Certainly China's imports of Australian thermal coal have ticked up in recent months, with Kpler data
showing arrivals of 6.39 million tons in May and 7.01 million in April, up from the 4.17 million In
March and February's 3.63 million.
It's possible that China's import demand is responding to the lower seaborne prices, and there is
also the seasonal pattern of higher imports as the summer peak for electricity consumption comes
closer.
India's imports of thermal coal rose to 17.84 million tons in May, up from 15.31 million in April and
the strongest month since October 2023.
The gain in May arrivals was largely due to increased imports from Indonesia, which supplied 10.24
million tons, the most since May last year.
It's also worth noting that India's imports of Russian thermal coal reached a two-year high of 1.39
million tons in May, according to Kpler, rising from 1.14 million in April.

They had not been above the 1 million tons per month level since June 2023, and the recent
increase has largely been shipped from Russia's Pacific ports, rather than from those in Europe.
This suggests that Russian coal in the Pacific is once again becoming price-competitive against
Australian grades, and McCloskey World Coal's assessment of 6,700 kcal/kg fuel at Vostochny port
does support this view.
Russian coal was assessed at $73.26 a ton in the fortnight to June 2, up from the 54-month low of
$68.13 the prior two-week period.
Once adjusted for energy content differences and freight, it's likely that Russian and Australian
cargoes are very closely matched for Indian buyers.
The overall picture for seaborne thermal coal in Asia is that the declining prices may finally be
leading to some uptick in demand, but it's also likely that low prices will have to persist to keep
importers interested.

NewBase June 09 -2025 Khaled Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Oil prices hold gains ahead of US-China trade talks
Reuters + NewBase Energy
Oil prices held on to last week's gains early on Monday as investors waited for U.S.-China trade
talks to be held in London later in the day.
Brent crude futures were down 4 Cents at $66.43 a barrel at 0447 GMT. U.S. West Texas
Intermediate crude was trading down 4 cent at $64.43.
The prospect of a U.S.-China trade deal supported prices as three of Donald Trump's top aides
were set to meet with counterparts in London on Monday for the first meeting of the U.S.-China
economic and trade consultation mechanism.
The announcement on Saturday followed a rare Thursday call between the two countries' top
leaders, with both under pressure to dial down tensions as China's export controls on rare earths
disrupt global supply chains. Oil prices posted their first weekly gain in three weeks on the news.
Oil price special
coverage
 Brent, WTI poised to finish the week higher
 U.S. jobs report shows unemployment steady at 4.2%
 Trade negotiations continue with China
 U.S. oil, gas rigs hit lowest level since November 2021

A U.S. jobs report showing unemployment held steady in May appeared to increase the odds of a
Federal Reserve interest rate cut, further supporting last week's gains. Inflation data from China on
Monday morning will give a reading of domestic demand in the world's largest crude importer.
The economic data and the prospect of a trade deal that could support economic growth and
increase demand for oil outweighed worries about increased OPEC+ supply after the group
announced another big output hike for July on May 31.
HSBC expects OPEC+ to accelerate supply hikes in August and September, which are likely to
raise downside risks to the bank's $65 per barrel Brent forecast from the fourth quarter of 2025,
according to a research note on Friday.
Capital Economics researchers said they believe this "new faster pace of (OPEC+) production rises
is here to stay".
Last week closing
Crude rose more than $1 a barrel on Friday, posting its first weekly gain in three weeks after a
favorable U.S. jobs report and resumed trade talks between the U.S. and China, raising hopes for
growth in the world's two largest economies.
 Brent crude futures settled at $66.47 a barrel,
 U.S. West Texas Intermediate crude finished at $64.58,
The Reuters Power Up newsletter provides everything you need to know about the global energy
industry. Sign up here.
Both benchmarks settled with weekly gains after declining for two straight weeks. Brent has
advanced 2.75% this week, while WTI is trading 4.9% higher.
"I think the jobs report was Goldilocks," said Phil Flynn, senior analyst with the Price Futures Group.
"It was not too hot, not too cold but just right to increase the chances for an interest rate cut by the
Federal Reserve."
The U.S. Labor Department's monthly employment report showed the unemployment rate held
steady at 4.2% last month. Employers added 139,000 jobs, which combined with downward
revisions to prior months' estimates showed a cooling in labor demand but nothing abrupt; by
comparison, monthly job gains averaged 160,000 last year.
A rate cut by the U.S. central bank, much desired by President Donald Trump, could boost economic
growth and demand for petroleum.
"This market had priced in a lot of bad options," said John Kilduff, partner with Again Capital. "None
of it has come to pass. OPEC+ held the line. There have been talks between China and the U.S.,
though the details are sketchy, at least they didn't fly apart like Elon (Musk) and Donald (Trump)."
China's official Xinhua news agency said trade talks between Xi and Trump took place at
Washington's request on Thursday. Trump said the call had led to a "very positive conclusion",
adding the U.S. was "in very good shape with China and the trade deal".
The oil market continued to swing with news on tariff negotiations and data showing how trade
uncertainty and the impact of the U.S. levies are flowing through into the global economy.
On Saturday, OPEC+, the Organization of the Petroleum Exporting Countries and allies including
Russia, agreed to ramp up output by a previously announced 411,000 barrels per day (bpd) in July.

The group rejected a Saudi recommendation for a bigger output hike, part of a broader strategy to
win back market share for OPEC+.
Now, as it seeks to play its part in tackling climate change, the country has set an ambitious goal to
develop renewable energy.
"The market looks balanced in 2Q/3Q on our estimates as oil demand rises in summer and peaks
in July-August, matching supply increases from OPEC+," HSBC said in a note.
The U.S. oil and gas rig count, an early indicator of future output, fell by four to 559 in the week to
June 6, the lowest since November 2021, energy services firm Baker Hughes said on Friday.
Oil rigs fell by nine to 442 this week, while gas rigs rose by five to 114, Baker Hughes said.

Demand for US light sweet crude drops as OPEC+ ramps up output
Reuters + NewBase
Rising OPEC+ supplies and new streams of oil coming online globally are increasing options for
European and Asian refiners and weighing on export demand for light sweet U.S. crude, contributing
to lower prices in the country's main oil-producing regions.
The U.S., the world's largest crude producer, is facing increasing
competition as the Organization of the Petroleum Exporting Countries
and its allies pump more oil in a bid to regain market share and punish
members that over-produce.
Since April, OPEC+ countries including Saudi Arabia and Russia have
made or announced increases totaling 1.37 million barrels per day, or
62% of the 2.2 million bpd they aim to add back to the market.
The additional supplies come at a time of broad uncertainty for global oil producers as they assess
how volatile trade policies are impacting the world's economic outlook and prepare for a longer-term
future in which greener fuels could displace their barrels.
For the U.S., lower demand for a significant portion of its crude will likely add to a complicated
outlook for producers already digesting on-again, off-again tariffs from President Donald Trump's
administration. Companies are considering cutting output and jobs even as Trump urges higher
domestic production.
U.S. exports fell to an average of 3.8 million bpd in May from an average of 4 million bpd in April,
according to an analysis of weekly Energy Information Administration data.
Prices have declined for crudes such as WTI-Midland, a key sweet grade from the U.S. shale region.
Since early March, its price is off by 45% to a 60-cent premium to U.S. crude futures .
 Refiners shop around as OPEC producers pump more
 US light, sweet crude faces competition from Kazakh CPC blend
 Guyana, Brazil could boost crude exports to Europe
 Producers face uncertainty due to economic slowdown concerns

Light Louisiana Sweet from the U.S. Gulf Coast has fallen by about 30% to a $2.70 per barrel
premium over the same period.
"That's a part of OPEC accelerating. Light sweets are weak, broadly speaking," said Jeremy Irwin,
global crude lead at Energy Aspects, adding that demand is expected to fall further as European
refiners favor medium crudes in the summer months.
The U.S. sent 1.4 million bpd of light, sweet crude to Europe in May, versus 1.6 million bpd in April,
data from Kpler showed. In May 2024, the U.S. exported 1.7 million bpd of light, sweet crude, which
is lighter in density and lower in sulfur content, to Europe.
A graphic shows U.S. light, sweet crude exports to Europe since January 2024
While light crudes are typically easier for refineries to process, many global refineries have invested
in upgrading capacity to run heavy-sour grades, which are usually cheaper and still yield sufficient
quantities of higher-value fuels.
As Asian refiners come out of turnaround season - when plants reduce output for maintenance
purposes - and European refiners ramp up fuel production going into summer, demand for medium-
sour grades has increased.
GLOBAL SUPPLY MEETS UNCERTAIN DEMAND
Increased OPEC+ exports will primarily flow into Asia. Lower prices for Murban crude produced in
the United Arab Emirates have made it unprofitable to export WTI to Asia, said Richard Price, an oil
markets analyst at Energy Aspects.

OPEC+ is increasing output more quickly than expected this year to punish allies such as
Kazakhstan, which has produced well above its OPEC+ target.
"The rise in Kazakh crude production means greater availability of CPC blend crude, which is
increasingly competing with WTI into Europe," said Matt Smith, a lead oil analyst at Kpler. CPC
Blend is light density crude, similar to WTI-Midland.
Additionally, Guyana and Brazil's exports into Europe could increase from the 400,000 bpd they
each already send, if European refiners can absorb it, Smith said.
Other sweet grades including barrels from Libya and Algeria, and Norway's new Johan Castberg
stream, are giving European refiners more choice, Vortexa analyst Rohit Rathod said.
Global petroleum consumption is expected to grow by 970,000 bpd in 2025 and 900,000 bpd in
2026, the EIA said, while global crude production is expected to grow by 840,000 bpd in 2025 and
680,000 bpd in 2026.
But demand growth currently is mainly fueled by oil products that are best refined from heavier
barrels, said Janiv Shah, vice president of commodity markets at Rystad Energy.
"As such, we expect increased throughput of available medium sour barrels and some discounting
of light sweet grades."

 Hawk Energy Sees Oil at averaging $70-$80 This Year with positive Growth
 That’s a ‘foreseeable & sensible range,’ Hawk Energy CEO M. Al Shihabi says
 Demand set to grow to from 103.8 to 105.0 MBD MBD, in 2025: Al Awadhi says

NewBase Special Coverage
The Energy world – June 09 -2025
CLEAN ENERGY
Global energy investment set to rise to $3.3 trillion in 2025
amid economic uncertainty and energy security concerns
Global energy investment is set to increase in 2025 to a record $3.3 trillion despite headwinds from
elevated geopolitical tensions and economic uncertainty, a new IEA report says, with clean energy
technologies attracting twice as much capital as fossil fuels.
Investment in clean technologies – renewables, nuclear, grids, storage, low-emissions fuels,
efficiency and electrification – is on course to hit a record $2.2 trillion this year, reflecting not only
efforts to reduce emissions but also the growing influence of industrial policy, energy security
concerns and the cost competitiveness of electricity-based solutions, according to the 2025 edition
of the IEA’s annual World Energy Investment report. Investment in oil, natural gas and coal is set to
reach $1.1 trillion.
World Energy Investment 2025
10th Edition
IEA

In addition to a comprehensive assessment of the current investment landscape across fuels,
technologies and regions, this 10th edition of the World Energy Investment report explores some of
the major changes over the past decade.
“Amid the geopolitical and economic uncertainties that are clouding the outlook for the energy world,
we see energy security coming through as a key driver of the growth in global investment this year
to a record $3.3 trillion as countries and companies seek to insulate themselves from a wide range
of risks,” said IEA Executive Director Fatih Birol.

“The fast-evolving economic and trade picture means that some investors are adopting a wait-and-
see approach to new energy project approvals, but in most areas we have yet to see significant
implications for existing projects.”
“When the IEA published the first ever edition of its World Energy Investment report nearly ten years
ago, it showed energy investment in China in 2015 just edging ahead of that of the United States,”
Dr Birol added. “Today, China is by far the largest energy investor globally, spending twice as much
on energy as the European Union – and almost as much as the EU and United States combined.”
Over the past decade, China’s share of global clean energy spending has risen from a quarter to
almost a third, underpinned by strategic investments in a wide range of technologies, including solar,
wind, hydropower, nuclear, batteries and EVs. At the same time, global spending on upstream oil
and gas is gravitating towards the Middle East.

Today’s investment trends clearly show a new Age of Electricity is drawing nearer. A decade ago,
investments in fossil fuels were 30% higher than those in electricity generation, grids and storage.
This year, electricity investments are set to be some 50% higher than the total amount being spent
bringing oil, natural gas and coal to market.
Globally, spending on low-emissions power generation has almost doubled over the past five years,
led by solar PV. Investment in solar, both utility-scale and rooftop, is expected to reach $450 billion
in 2025, making it the single largest item in the global energy investment inventory. Battery storage
investments are also climbing rapidly, surging above $65 billion this year.

Capital flows to nuclear power have grown by 50% over the past five years and are on course to
reach around $75 billion in 2025. Rapid growth in electricity demand also underpins continued
investment in coal supply, mainly in China and India. In 2024, China started construction on nearly
100 gigawatts of new coal-fired power plants, pushing global approvals of coal-fired plants to their
highest level since 2015.
In a worrying sign for electricity security, investment in grids, now at $400 billion per year, is failing
to keep pace with spending on generation and electrification. Maintaining electricity security would
require investment in grids to rise towards parity with generation spending by the early 2030s.
However, this is being held back by lengthy permitting procedures and tight supply chains for
transformers and cables.
Lower oil prices and demand expectations are set to result in the first year-on-year fall in upstream
oil investment since the Covid slump in 2020, according to the report. The expected 6% drop is
driven mainly by a sharp decline in spending on US tight oil.
By contrast, investment in new liquefied natural gas (LNG) facilities is on a strong upward trajectory
as new projects in the United States, Qatar, Canada and elsewhere prepare to come online.
Between 2026 and 2028, the global LNG market is set to experience its largest ever capacity growth.
Spending patterns remain very uneven globally – with many developing economies, especially in
Africa, struggling to mobilise capital for energy infrastructure, the report finds. Today, Africa
accounts for just 2% of global clean energy investment.
Despite being home to 20% of the world’s population and rapidly growing energy demand, total
investment across the continent has fallen by a third over the past decade due to declining fossil
fuel spending and insufficient growth in clean energy.
To close the financing gap in African countries and other emerging and developing economies,
international public finance needs to be scaled up and used strategically to bring in larger volumes
of private capital, according to the report.
This year’s edition of the World Energy Investment report features an interactive data explorer that
enables users to compare energy investments across multiple sectors, fuels and technologies
between the periods 2016–2020 and 2021–2025, covering global trends as well as data for 19
individual countries and regions.

NewBase Energy News 09- June - Issue No. 1795 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.
5
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 Energies

program broadcasted internationally, via GCC leading satellite Channels. Khaled can be reached at any time,
see contact details above.

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NewBase 09 June 2025 Energy News issue - 1795 by Khaled Al Awadi Rec_compressed.pdf