In a significant development, the energy ministers of the United States, Israel and the United Arab Emirates said, they will develop a joint strategy for greater coordination in the energy sector; the trio will also jointly collaborate to mitigate energy challenges faced by Palestinians.
The joint statement was reported by the UAE’s state news agency WAM. According to that report, the three countries will work together on renewable energy, natural gas resources, energy efficiency, oil, and related technology, as well as water desalination technology.
In September, Bahrain and the UAE became the first Arab states in the last 25 years to establish formal ties with Israel in a U.S.-brokered deal, which incidentally, has been rejected by the Palestinians.
“We will also seek to find solutions to the energy challenges faced by the Palestinian people through the development of energy resources, technologies, and related infrastructure,” said the joint statement.
The trio will coordinate with financial institutions as well as with the private sector for investment in R&D.
Incidentally, in September, the energy ministers of Israel and the UAE met to discuss possible cooperation and investment opportunities, including the export of natural gas to Europe.