Minister Hagiuda Holds Video Conference with H.E. Dr. Sultan Ahmed Al Jaber, CEO, Abu Dhabi National Oil Company (ADNOC), and Minister of Industry and Advanced Technology, UAE
February 2, 2022
On February 2 (Wed.), Mr. Hagiuda Koichi, Minister of Economy, Trade and Industry (METI), held a video conference with H.E. Dr. Sultan Ahmed Al Jaber, CEO, Abu Dhabi National Oil Company (ADNOC), and Minister of Industry and Advanced Technology, the United Arab Emirates (UAE), to urge him to work toward stability in the international crude oil market and stronger bilateral cooperation in the energy field, including on hydrogen and ammonia. The leaders also agreed that they should work closely together to strengthen their cooperation in new areas, such as promoting advanced technologies and innovation.
In the meeting, Minister Hagiuda expressed his gratitude for the stable supply of crude oil to Japan and urged cooperation toward stabilizing the international crude oil market in light of the recent soaring prices.
Furthermore, the two leaders affirmed that their countries' bilateral energy relations are not limited to the conventional oil and gas fields, but that there has also been significant progress in cooperation in the decarbonization field, including on hydrogen and ammonia (as seen in ADNOC's transporting and supplying blue ammonia to Japan last fall and a Japanese company's decision to take part in blue ammonia production in the UAE). The two also discussed further strengthening cooperation moving forward.
Minister Hagiuda welcomed the UAE's pledge to go carbon neutral by 2050 and the acceptance of its bid to host COP28 in 2023. The two leaders agreed that their countries should work closely together to share the importance of diverse and realistic energy transitions with all nations. They also confirmed the importance of deepening bilateral cooperation in new areas besides the energy field, such as promoting advanced technologies and innovation.
Division in Charge
Petroleum and Natural Gas Division, Natural Resources and Fuel Department, Agency for Natural Resources and Energy