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US Energy Secretary Jennifer Granholm will be in KSA and UAE this week to discuss energy diversification and climate cooperation, Reuters reported on Friday. Granholm will touch down in the UAE tomorrow to attend a meeting of the Net-Zero Producers Forum before heading to Riyadh.
Why it matters: Granholm’s department runs point on civilian uses of nuclear energy in the US, overseeing everything from safety to research. Washington and Riyadh are believed to be negotiating a series of pacts covering defense, artificial intelligence and advanced technologies, and the development of a Saudi nuclear power industry.
What’s the Net-Zero Producers Forum? Launched in 2021, it’s part of a bid to boost cooperation between some of the biggest global oil producers on methane abatement, carbon capture, and use and storage technologies. Saudi is one of the five founders of the NPF including the US, Canada, Norway, and Qatar. The UAE joined the group in 2022. NPF members account for 45% of global oil production and 40% of natural gas production, according to the US Energy Department website.
OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-
- Moldova looking for UAE investment: Moldova is looking to attract UAE investments in renewable energy and infrastructure, Deputy Governor of the National Bank of Moldova Tatiana Ivanicichina said on the sidelines of the Abu Dhabi Annual Investment Meeting Congress. (Wam)
