Saudi Arabia, France to boost energy cooperation

Saudi Arabia, France to boost energy cooperation

HRH Prince Abdulaziz bin Salman met with HE Agnes Pannier-Runacher, Minister for Energy Transition of the French Republic, and issued the following joint communiqué: The Government of the Kingdom of Saudi Arabia and the Government of the French Republic acknowledge that energy is one of the main pillars of their mutual long-term partnership, and the two countries affirmed their commitments by signing a Memorandum of Understanding to cooperate in the Field of Energy on 2 February 2023. Both countries acknowledge the importance of advancing the implementation of the United Nations Framework on Climate Change (UNFCCC) and the Paris Agreement in accordance with the principles, objectives and goals defined therein, including pursuing efforts to limit the temperature increase to 1.5°C. Addressing climate change and promoting secure, reliable, affordable and sustainable supplies of energy are shared strategic priorities of Saudi Arabia and France. Moreover, the two countries recognize that clean hydrogen is an essential fuel to reach the shared objective of promoting a sustainable economic development while mitigating the impact of climate change. Additionally, both countries agreed to enhance cooperation in the field of electricity, and exchange experiences in the field of electricity generation from renewable energy resources, grid interconnection projects, as