Riyadh, Jan. 15 (BNA): Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy of Saudi Arabia, met with Gilberto Pichetto Fratin Minister of Environment and Energy Security of Italy, to explore avenues for cooperation across various energy sectors.

The two sides signed a memorandum of understanding (MoU) to strengthen collaboration between Saudi Arabia and Italy, serving their shared interests, according to the Saudi Press Agency (SPA).

The MoU focuses on key areas such as energy transitions and security, renewable energy, electricity interconnection, energy efficiency, geothermal energy, methane emissions reduction, advancing energy storage solutions, petroleum, natural gas, and conventional and transitional fuels.

It also addresses enhancing the stability and reliability of petroleum and natural gas markets, reducing market volatility, and improving energy supply security and supply chains.

The agreement highlights innovation and technology, such as hydrogen project development, climate-change mitigation solutions, the circular carbon economy, and carbon capture, utilisation, and storage. Additionally, it emphasises digital transformation, cybersecurity, and artificial intelligence in the energy sector while fostering joint initiatives to support engineering and construction projects in energy.

These efforts align with the Paris Agreement and the 2030 Agenda for Sustainable Development.

H.K