UAE and Austria sign energy partnership

UAE and Austria sign energy partnership

The UAE and Austria have signed a strategic energy security and industrial cooperation (SESIC) partnership. UAE President Sheikh Mohamed bin Zayed Al Nahyan and Karl Nehammer, Federal Chancellor of the Republic of Austria, witnessed the signing of the partnership. The SESIC will focus on projects of mutual interest in refined products, liquefied natural gas (LNG), renewables, and hydrogen and its derivatives, official news agency reported. It will further promote sustainable development, decarbonisation and progressive climate action as both countries work towards achieving the objectives of the Paris Agreement and the Glasgow Climate Pact. The partnership was signed by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Dr. Magnus Brunner, Austrian Federal Minister of Finance. Dr Al Jaber is also the UAE Special Envoy for Climate Change and managing director and group CEO of Abu Dhabi National Oil Company (ADNOC). “The UAE and Austria enjoy close and friendly bilateral relations and we are further deepening our ties through this new Strategic Energy Security and Industrial Cooperation partnership,” said Sheikh Mohamed. “The UAE will continue to be a reliable and responsible energy provider, building and strengthening partnerships to drive economic and industrial growth, support global energy security