UK and UAE agree to boost energy security and unlock investment

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The UK and UAE Governments have signed a Memorandum of Understanding (MoU), which the department for Business, Energy and Industrial Strategy (BEIS) says will help facilitate the sharing of technical knowledge, advice, skills and expertise.

The BEIS says the MoU will open up new avenues for cooperation on energy and climate while boosting jobs and investment in the UK.

The Clean Energy MoU was signed by the UK Business and Energy Secretary Grant Shapps and the UAE Minister of Energy and Infrastructure, His Excellency Suhail Mohammed Al Mazrouei, during the Abu Dhabi Sustainability Week.

The MoU will further reinforce the “robust” economic links between the two countries developed in the nations’ 2018 MoU on Cooperation in the Field of Energy, the BEIS says.

The UK is immensely proud of its longstanding relationship with the UAE.

The MoU has been expanded to encompass the full scope of bilateral cooperation, including the new low-carbon super-fuel hydrogen. The BEIS says this builds on ADNOC – the UAE’s largest energy company – taking a 25% stake in the design stage of BP’s blue hydrogen project, H2Teesside, last year.

Commenting on the agreement, Business and Energy Secretary Grant Shapps, said: “The UK is immensely proud of its longstanding relationship with the UAE.

“Today’s latest agreements provide further evidence that not only are we strengthening our energy security and lowering bills for consumers in the long term, we’re unlocking huge opportunities for investment in British expertise and jobs in the process.

“International cooperation on energy and climate with close partners like the UAE is vital and as they take centre stage as hosts of COP28 later this year, they will have our full support every step of the way.”

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