World Energy Forum host UAE leads sustainable energy investment

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Nassouri denied media reports from earlier in the year that four additional nuclear reactor plants are planned. "We heard such rumors were reported in the press but these reports were false. We do feasibility studies on the question if more reactors could be build and useful, nevertheless. As of now, no decision to build more than the four reactors has been taken."

Asked about security issues, which are globally lively discussed after the tragic nuclear meltdown at Japan's plant in Fukushima last year, Nassouri said "The concrete we started pouring in the earth is double the size than that of the sister reactor in Korea. The UAE reactor can stand earthquakes as a well as Tsunamis. Tsunamis are actually quite impossible to hit the coastal site near Beraka where the nuclear plant is built, because the Arabian Gulf waters are very shallow."

Despite alternative energy solutions mushrooming worldwide, five Arab energy ministers agreed that fossil fuels will dominate global energy sources in the near and far future.

According to the latest International Energy Agency (IEA) World Energy Outlook, the global demand for electricity will surge 2.2 percent annually through 2035. The cumulative investment needed in the global oil and gas supply infrastructure is estimated at 19 trillion dollars over the next 25 years in order to satisfy the rising energy demand.

The UAE, home to some 10 percent of the world's known oil reserves and 3.3 percent of global gas reserves, boosted this year oil production capacity by 3 million barrels per day.

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