Promising Areas of Energy Cooperation between Russia and Saudi Arabia

Перспективные направления энергетического сотрудничества России и Саудовской Аравии

Seregina, Antonina (Серегина, Антонина) () and Galitskaya, Elena (Галицкая, Елена)
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Seregina, Antonina (Серегина, Антонина): Diplomatic Academy of the Ministry of Foreign Affairs of Russia (University)
Galitskaya, Elena (Галицкая, Елена): JSC «Operational Services Center»

Eurasian integration: economy, law, politics, 2024, issue 4, 141-152

Abstract: The promising areas of energy cooperation outlined in this article are most fully capable of ensuring mutual consideration of the energy interests of Russia and Saudi Arabia in the context of achieving national technological sovereignty and achieving the production of common goods for the purposes of energy development of the two countries. Aim. To identify promising areas of energy cooperation between Russia and Saudi Arabia, taking int o account the priorities of ‘green’ energy development in KSA. Tasks. To analyse the current state and priorities of ‘green’ energy development in the Kingdom of Saudi Arabia within the framework of the ‘Vision 2030’ programme; to analyse the existing legal framework and institutional mechanisms of energy cooperation between Russia and KSA; to identify key areas of technological cooperation between Russia and KSA in the field of nuclear energy; to assess the potential of cooperation between Russia and KSA in the field of hydrogen energy development; to develop practical recommendations for the development of Russian and Saudi energy co operation in the field of hydrogen energy. Methods. To solve the problems posed in the study, the author uses such methods as statistical analysis, system and compar ative analysis, scientific generalization, expert assessments. Results. Support and assistance to the governments of the Russian Federation and Saudi Arabia in the area of fuel and energy complex is an important tool for achieving the strategic objectives of the two countries in the field of energy, science and technology. The energy dialogue between Russia and Saudi Arabia has considerable potential fo r further deepening and expansion, particularly in such areas as nuclear and hydrogen power. Conclusions. Intensified efforts to create favorable conditions for bilate ral energy coo peration between Russia and Saudi Arabia are today aimed at the possibility of diversifying the fuel and energy complex and maintaining its sustainability in the changing global energy landscape; creating advanced technologies that can increase the competitiveness of the two countries on the world stage, as well as achieve the goal of the energy transition to reduce the carbon footprint; creating new highly skilled jobs in research, engineering, production and services

Keywords: nuclear energy; hydrogen energy; increasing renewable energy capacity; Vision 2030 program; Neom metropolis; reducing the carbon footprint (search for similar items in EconPapers)
Date: 2024
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