The United Arab Emirates (UAE) and the United Kingdom has signed a memorandum of understanding to enhance strategic and technical cooperation in the energy sector, yesterday.
The MoU was signed during a visit by Britain’s Business and Energy Secretary, Grant Shapps, to Abu Dhabi.
Britain’s Department for Business, Energy & Industrial Strategy stated that the MoU would facilitate the sharing of technical knowledge, advice, skills and expertise, opening up new avenues for cooperation between the UAE and Britain on energy and climate, while boosting jobs and investment in the UK.
Britain hosted COP26 in 2021 in Glasgow and has been looking for ways to increase its energy security after it became a more urgent political issue in light of threats to long-term gas supplies across Europe following Russia’s invasion of Ukraine, the Reuters said.
UAE Energy Minister Suhail al-Mazrouei said the MoU is “greatly significant in light of the common interest of both countries as it helps them implement an energy policy that would provide low-carbon, safe and sustainable energy supplies at affordable prices,” the UAE state news agency WAM reported.”
The MoU also includes cooperation in peaceful nuclear energy, the field of low-carbon hydrogen, and bolstering collaboration in clean and renewable energy, WAM added.