The UAE and France are strengthening their long-standing energy partnership with ADNOC and TotalEnergies signing an expanded strategic agreement.
The two sides will explore opportunities to collaborate in areas of mutual interest including in gas growth, carbon capture utilisation and storage, as well as trading and product supply.
The deal coincides with UAE president His Highness Sheikh Mohammed bin Zayed Al Nahyan's official visit to France.
It was signed by Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC's Managing Director & Group CEO, and Patrick Pouyanné, Chairman and CEO of TotalEnergies.
This strategic agreement follows the signing of the UAE-France Comprehensive Strategic Energy Partnership (CSEP), which is focused on enhancing energy security, affordability and decarbonisation, as well as progressive climate action ahead of COP28 (28th Session of the Conference of the Parties), which will take place in the UAE in 2023.
TotalEnergies is a significant international partner for ADNOC and has been active in Abu Dhabi’s oil and gas sector since 1939.
It currently collaborates with ADNOC across the full value chain, from offshore and onshore exploration, development and production of oil and gas, to gas processing and liquefaction, product marketing, research and development (R&D), and National Talent development.
During the state visit of President HH Sheikh Mohamed bin Zayed Al Nahyan to France, #ADNOC and @TotalEnergies signed a strategic partnership agreement to explore opportunities including gas growth, carbon capture utilization and storage (CCUS) and trading and product supply. pic.twitter.com/YV03KFPP3o
— ADNOC Group (@ADNOCGroup) July 19, 2022
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