UAE, US, Israel propose path-breaking Energy Partnership

By Backend Office, Desk Reporter
UAE,US,Israel
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The United Arab Emirates (UAE), the United States of America (USA) and the State of Israel have affirmed the significance of establishing a mutual strategic vision for energy partnership.

Recognizing that an energy partnership can be a step towards a more peaceful, integrated and prosperous the Middle East, Suhail bin Mohammed Al Mazrouei, Member of the Cabinet and Minister of Energy and Infrastructure, Dan Brouillette, US Secretary of Energy, and Yuval Steinitz, Israeli Minister of Energy, agreed on the joint declaration to support the establishment of a strategic energy vision.

Recognizing the benefits of focusing on proactive measures that have concrete effects, Israel, the UAE and the US agree to promote greater cooperation in the energy sector, including renewable energy, energy conservation, oil, natural gas resources and related technologies, and water desalination technologies.

“Together, our dynamic economies will look to leverage world-leading research and development capacities to meet the needs of current and future generations. We will also seek to find solutions to the energy challenges faced by the Palestinian people through the development of energy resources, technologies, and related infrastructure,” according to a joint statement issued by the energy ministers of the three countries.

To optimize the global profits of collaboration, Israel, the UAE and the US, in combination with financial institutions and the private sector, are dedicated to pursuing joint initiatives in multilateral settings to encourage international investment in research and development and the active adoption of latest energy technologies.

By the end of August, the UAE and Israel had signed the Abraham Accord peace treaty, which prompted UAE President Khalifa bin Zayed Al Nahyan to issue a decree revoking the law that led to the boycott of Israel and its goods. And they signed an agreement to normalize diplomatic relations at the White House on September 15, making the UAE the third Arab country to normalize ties with Israel, after Egypt and Jordan.

Later, Bahrain also normalized its relationship with Israel in terms of diplomacy. Donald Trump, the US president, brokered the transactions.

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