Saudi Arabia, France sign MoU in energy

Saudi Arabia, France sign MoU in energy

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman met with his French counterpart, Agnes Pannier-Runacher in Riyadh on July 8. The two signed a Memorandum of Understanding to strengthen their cooperation in energy, with a focus on clean energy from renewable resources. In a joint statement carried by the Saudi Press Agency, France and Saudi Arabia agreed on an energy co-operation roadmap focusing on three pillars: • Technology development: To advance work in clean hydrogen production and electricity produced from renewable technology. Deployment from production, transportation and conversion at demand centres. • Business co-operation: The private sector has a critical role to play, the two countries welcome joint efforts between Saudi and French companies to partner in the entire energy supply chain to unlock business and hydrogen trade. • Policies and regulation: The roadmap will further promote the development of the hydrogen industry through mutual recognition of certification framework including emission life cycle assessment from all possible sources necessary for consistency in international trade. Both countries acknowledged the importance of advancing the implementation of the United Nations Framework on Climate Change and the Paris Agreement in accordance with the principles, objectives and goals defined therein, including pursuing efforts to limit