The UAE and Austria have signed a strategic energy security and industrial cooperation (SESIC) partnership that focuses on projects of mutual interest in refined products, liquefied natural gas (LNG), renewables, and hydrogen and its derivatives.
The deal will further promote sustainable development, decarbonization and progressive climate action as both countries work towards achieving the objectives of the Paris Agreement and the Glasgow Climate Pact.
The SESIC partnership capitalizes on the strong energy cooperation between both countries and the existing Comprehensive Strategic Partnership Agreement signed in July 2021, as per the statement.
Sheikh Mohamed bin Zayed Al Nahyan President – UAE
“The UAE and Austria enjoy close and friendly bilateral relations and we are further deepening our ties through this new Strategic Energy Security and Industrial Cooperation partnership. The UAE will continue to be a reliable and responsible energy provider, building and strengthening partnerships to drive economic and industrial growth, support global energy security, and power a more sustainable future.”
His Highness Sheikh Mohamed expressed his thanks to Chancellor Nehammer for his efforts to expand cooperation with the UAE and wished Austria continued progress, growth, and stability.
Mr. Karl Nehammer, Federal Chancellor of the Republic of Austria, noted that, “Today’s high-level meeting in Abu Dhabi marks another milestone in the long strategic cooperation between the United Arab Emirates and Austria. The United Arab Emirates is an important strategic partner for us and helps us ensure our energy security.”
“Our discussions today went far beyond the supply of LNG for Austria’s energy supply and also covered economic cooperation and the joint fight against climate change. Together we strive to work towards a more sustainable and brighter future. I want to particularly thank His Highness Sheikh Mohamed bin Zayed Al Nahyan for our excellent cooperation,” Mr. Nehammer added.
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