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France Signs Energy Deal with UAE

  • Publish date: Tuesday، 19 July 2022 Last update: since 2 day
France Signs Energy Deal with UAE

The UAE and France on Monday signed an agreement on energy cooperation to ensure oil and natural gas supplies from the UAE.

Sheikh Mohamed said collaboration across energy of all kinds is critical, noting that the UAE is committed to supporting energy security for all people.

“The agreement we are signing with the United Arab Emirates is of double strategic importance: it allows us to address the pressing challenges of energy security in the short term, while preparing for a de-carbonized future,” French Finance Minister Bruno Le Maire said in a statement.

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Sheikh Mohamed reiterated the common interest that the UAE and France share in confronting climate change, including the opportunity to move forward with clear action at COP28, which will be hosted in the UAE in 2023.

TotalEnergies CEO Patrick Pouyanne said in parliament last week that the French energy giant is “discussing an agreement to have access to diesel and fuel from the Emirates this winter”.

He said the company’s efforts are part of the French initiative to secure sufficient energy and make up for the loss of Russian supplies.

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