By diversifying energy sources and launching hydrogen projects
Ministers: Agreement to reduce carbon emissions and find solutions to climate change
Al-Mazrouei confirmed during the session that (OPEC) has been working for years to stabilize the oil market.
wam
Energy ministers participating in the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) said that there is an agreement to reduce carbon emissions and find solutions to climate change by diversifying energy sources and launching a number of projects in the field of hydrogen, emphasizing during a dialogue session entitled “Towards a safe and sustainable energy transition.” And clean,” that there is a need for cooperation and coordination to ensure the continuity of energy supplies.
In detail, the Minister of Energy and Infrastructure, Suhail Al Mazrouei, said that "talking about energy is not limited to oil, but the challenges facing the world now, and it calls for looking at gas and other energy sources, especially renewable energy sources such as hydrogen and wind."
He added that "OPEC has been working for years to stabilize the oil market and has flexibility and meeting mechanisms that only require a phone call to meet any changes," adding that "OPEC Plus will always remain a reliable technical organization to achieve a balance between supply and demand for oil, and we are working on it." With its members to secure demand, but we are not the only producers in the market, and the organization produces less than 50% of global oil production.”
For his part, Saudi Energy Minister Prince Abdulaziz bin Salman Al Saud said, “The Kingdom and the UAE are enhancing production and refining and working on clean hydrogen projects,” adding that “Saudi Arabia and the UAE are members of a number of related initiatives, and we are working on a number of important projects to confront change.” climate.”
For his part, the US energy envoy, Amos Hochstein, said that "energy must be priced in a way that allows economic growth, and that the oil and gas sector needs more investment."
"The relationship between the United States and the UAE is strong, old and enduring," he added.
Follow our latest local and sports news and the latest political and economic developments via Google news