The UAE authorities held discussions with top executives of global energy majors such as BP and Inpex to explore opportunities to strengthen their existing partnerships and drive greater cooperation in lower carbon energy solutions.
During a meeting of Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, member of the Executive Council, Chairman of Abu Dhabi Executive Office, and Chairman of the Abu Dhabi National Oil Company (ADNOC), with Takayuki Ueda, President and CEO of Inpex, and Bernard Looney, CEO of BP, the two sides also discussed collaborating to enhance energy security and advance the energy transition.
Ways of harnessing opportunities in renewables and hydrogen and expanding existing relationships were among the other issues discussed at the meeting.
The meetings followed the 8th Abu Dhabi CEO Roundtable – which brought together 35 energy leaders from around the world to discuss how to deliver energy security while providing equitable access to energy, and climate progress.
Addressing the CEO roundtable, Al Nahyan expressed hope that their discussions would help find practical solutions to the challenges of the energy transition.
Participants at the conference discussed practical solutions, including decarbonising the production processes of hydrocarbons, leveraging hydrocarbon infrastructure to scale up the production of hydrogen, expanding renewable energy, and increasing investment in other clean technologies that can abate emissions in heavy industry.
The annual roundtable is an exclusive, invitation only, gathering held under the Chatham House Rule.
It provides a high-level forum for dialogue on the evolving dynamics of the energy industry and demonstrates Abu Dhabi’s voice in the conversation around the trilemma of energy security, access and sustainability, and its position as a global hub for the world’s energy industry.
The roundtable took place on the eve of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2022, one of the world’s largest and most influential events for the global oil and gas industry.
The exhibition will run till November 3 at the Abu Dhabi National Exhibition Centre.
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