- Visiting Abu Dhabi, signs agreement to
facilitate sharing of knowledge and expertise in energy, in a
move that could unlock significant investment in UK firms and
boost energy security, sustainability and economic growth
- Memorandum of Understanding (MoU) includes agreement to
cooperate on hydrogen technology, which has already attracted
significant UAE investment in Teesside
The UK and UAE
governments have signed a Memorandum of Understanding
(MoU) which will
help facilitate the sharing of technical knowledge, advice,
skills and expertise, opening up new avenues for cooperation on
energy and climate, while boosting jobs and investment in the UK.
The Clean Energy MoU, which today was signed
by the UK Business and Energy Secretary and the UAE Minister of Energy and
Infrastructure, His Excellency Suhail Mohammed Al Mazrouei,
during the Abu Dhabi Sustainability Week, will further reinforce
the robust economic links between the 2 countries developed in
the nations’ 2018 MoU on Cooperation in the
Field of Energy.
The MoU has been
expanded to encompass the full scope of bilateral co-operation,
including the new low carbon super fuel hydrogen. 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. It also
acknowledges the progress the UAE has made so far on climate
action, their ambition for clean energy investment and their call
for finding energy solutions with like-minded partners.
Business and Energy Secretary 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 are
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.
Memorandum of Understanding
The MoU
represents a strengthening of collaboration between the UK and
the UAE and follows hot
on the heels of the Partnership for the Future (P4F), which was signed during
His Highness President Sheikh Mohammed bin Zayed Al Nahyan’s
visit to UK in September 2021 and provided a clear statement of
our collective energy ambitions.
The P4F is
complemented by the existing Sovereign Investment Partnership
(SIP),
agreed in March 2021 to serve as a coordinated investment
framework to grow a future-focused relationship between the two
nations, driving economic recovery, jobs and growth.
Notes to editors
This MoU
replaces the MoU
on Cooperation in the Field of Energy between the 2 nations
signed on 19 February 2018.
