Saudi Arabia and US Boost Cooperation in Energy Sector
In a groundbreaking meeting in Riyadh, Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, and US Secretary of Energy, Jennifer Granholm, have laid out a dynamic road map for collaboration between the two countries in the energy sector.
The discussions focused on key areas of cooperation, including carbon management, clean hydrogen, nuclear energy, electricity and renewables, innovation, energy-sector supply chain resilience, and energy efficiency. Both nations had already signed a Partnership Framework for Advancing Clean Energy in July 2022, marking a significant milestone in their partnership.
Highlighting Saudi Arabia’s commitment to combat climate change through local and regional initiatives, the officials emphasized the importance of a circular carbon economy. This includes initiatives such as the Saudi and the Middle East green initiatives, which aim to reduce carbon emissions and promote sustainability.
The newly established road map serves as a comprehensive guide for energy cooperation, outlining timelines and critical projects for collaboration. Both sides have committed to engaging in various activities to implement the road map, including exchanging knowledge on policies, enhancing joint research and development in new technologies, and building human capital through training and expertise exchanges.
The meeting between Prince Abdulaziz bin Salman and Jennifer Granholm signifies a strong commitment from both countries to work together towards a sustainable energy future. With a clear vision and concrete plans in place, Saudi Arabia and the US are set to lead the way in advancing clean energy initiatives on a global scale.