Overview
- Speaking at ADIPEC in Abu Dhabi, the UAE minister and ADNOC chief said yearly investment must reach about $4 trillion across energy supply, transmission, and data‑centre infrastructure.
- Al Jaber stressed that “the true cost of AI is in kilowatts,” arguing that computing growth now hinges on available power rather than chip density.
- The International Energy Agency’s outlook cited in the address puts global data‑centre electricity use at roughly 945 terawatt‑hours by 2030.
- He warned that today’s transmission networks are not fit for purpose and said “you can’t run tomorrow’s economy on yesterday’s grid.”
- Looking to 2040, he projected renewables more than doubling, LNG up about 50%, jet fuel rising over 30%, and oil demand staying above 100 million barrels per day, while urging pragmatic policies and public‑private partnerships.