DUBAI/JERUSALEM: The energy ministers of the UAE and Israel discussed possible cooperation and investment opportunities, including natural gas exports to Europe, in a video call on Wednesday, Emirates state news agency WAM reported.
A statement said the two minster discussed possible investment opportunities in energy, infrastructure, oil, gas and renewable energy, as the UAE plans to the shift toward green energies.
During the call, UAE Minister of Energy and Infrastructure Suhail Al-Mazroui “reviewed the UAE Energy Strategy 2050, which is the first unified energy plan in the country that balances production and consumption aspects and global environmental obligations and ensures a comfortable economic environment for growth in all sectors.”
The two sides also focused on advanced technology companies in the field of energy and cybersecurity.
Israel and the UAE signed an agreement on Sept. 15 to establish diplomatic relations, an accord that Israeli Energy Minister Yuval Steinitz said in the statement presented a “historic opportunity” for energy development in the region.
“I spoke (with the UAE energy minister) on cooperating in linking power grids and developing the natural gas market for exports via pipeline to Europe ... as well as other projects,” an Israeli statement quoted Steinitz as saying.
The statement, released by Steinitz’s office, said he proposed the UAE join an Egypt-based energy forum that seeks to promote natural gas exports from the east Mediterranean.
“They (the UAE) said they would examine the issue,” the Israeli statement said.
Egypt, Israel, Greece, Cyprus, Italy and Jordan signed a charter on Tuesday establishing the East Mediterranean Gas Forum (EMGF).
The group unites regional rivals of Turkey, which has been locked in a bitter dispute with European Union members Greece and Cyprus over gas drilling rights in the region.