Reportedly, the United Arab Emirates and Austria signed a memorandum of understanding to cooperate on advancing hydrogen production capacity in the UAE.
The memorandum of understanding (MoU), signed during the visit of Austrian Chancellor Karl Nehammer, comprises a “permanent framework for collaboration and exchange” in the production, storage, conversion, transport, trade, re-conversion and utilisation of hydrogen energy.
“[The agreement] will build on the strengths of each party and contribute to the UAE’s position as a leading global energy producer,” said Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, who signed the MoU.
According to Elisabeth Köstinger, Austria’s Federal Minister of Agriculture, Regions and Tourism, the UAE offers ideal conditions for green hydrogen production, while Austria has decades-long experience in gas transport, storage and infrastructure.
“We have decided to combine our respective comparative advantages for the greater good,” she said.
On Monday’s announced cooperation comes as Austrian Chancellor Karl Nehammer visits the UAE and Qatar on a trip expected to focus on natural gas supplies.
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