Japan and UAE to co-operate on energy development

Japan and the United Arab Emirates (UAE) have reportedly agreed to work together to increase co-operation in the energy sector. Japanese reports claim Tokyo is trying to boost ties with […]

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By Priyanka Shrestha

Japan and the United Arab Emirates (UAE) have reportedly agreed to work together to increase co-operation in the energy sector.

Japanese reports claim Tokyo is trying to boost ties with major oil and gas producers at a time when the nation is increasing fuel imports to compensate for the closure of nuclear power plants following the Fukushima disaster.

The UAE is believed to be the second biggest exporter of oil to Japan after Saudi Arabia and around 40% of the oil fields developed abroad by Japanese firms are located in waters off Abu Dhabi.

Japan’s Prime Minister Shinzo Abe has also reportedly agreed to go-ahead with an agreement signed last year to enable Japanese manufacturers to export nuclear reactors to the UAE.

Last month the UAE agreed to work together with India to promote solar and wind energy in the two nations.