عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Energy Minister: Saudi Arabia Prepared to Partner with Everyone to Transport Hydrogen

Saudi Energy Minister Prince Abdulaziz bin Salman participates at the panel discussion on the sidelines of the WEF in Riyadh. (Asharq Al-Awsat)
Saudi Energy Minister Prince Abdulaziz bin Salman participates at the panel discussion on the sidelines of the WEF in Riyadh. (Asharq Al-Awsat)
TT
20
TT

Energy Minister: Saudi Arabia Prepared to Partner with Everyone to Transport Hydrogen

Saudi Energy Minister Prince Abdulaziz bin Salman participates at the panel discussion on the sidelines of the WEF in Riyadh. (Asharq Al-Awsat)
Saudi Energy Minister Prince Abdulaziz bin Salman participates at the panel discussion on the sidelines of the WEF in Riyadh. (Asharq Al-Awsat)

Saudi Energy Minister Prince Abdulaziz bin Salman expressed on Sunday the Kingdom’s readiness to partner with everyone to supply the world with all types of energy.

Speaking at a panel discussion on the sidelines of the World Economic Forum’s special meeting on global collaboration in Riyadh, he added that Saudi Arabia could also cooperate in the transportation, through pipelines, of hydrogen in the form of ammonia.

Moreover, the minister said the shift towards green energy must take place along a practical and realistic path, stressing that raising environmental awareness was a collective responsibility.

“We must consider the types of energy and synthetic fuels. We believe in the importance of synthetic methane and open the door wide to various options,” he went on to say.

Most Viewed

 
Business

Trump’s Tariffs Mean Europe Must Take Control of Its Future, Says ECB's Lagarde

European Central Bank (ECB) President Christine Lagarde arrives to address a press conference on the Eurozone's monetary policy, at the central bank's headquarters in Frankfurt am Main, western Germany, on January 30, 2025. (AFP)
European Central Bank (ECB) President Christine Lagarde arrives to address a press conference on the Eurozone's monetary policy, at the central bank's headquarters in Frankfurt am Main, western Germany, on January 30, 2025. (AFP)
TT
20
TT

Trump’s Tariffs Mean Europe Must Take Control of Its Future, Says ECB's Lagarde

European Central Bank (ECB) President Christine Lagarde arrives to address a press conference on the Eurozone's monetary policy, at the central bank's headquarters in Frankfurt am Main, western Germany, on January 30, 2025. (AFP)
European Central Bank (ECB) President Christine Lagarde arrives to address a press conference on the Eurozone's monetary policy, at the central bank's headquarters in Frankfurt am Main, western Germany, on January 30, 2025. (AFP)

The likely implementation of tariffs imposed by the United States on April 2 means Europe will have to take better control of its future, European Central Bank (ECB) head Christine Lagarde said on Monday.

"I've tried to describe this as a moment for our Europe... and I see it as the start of a march towards independence," Lagarde said in an interview on France Inter radio

"He calls it Liberation Day in the United States. I see it as a moment when we must together decide to take better control of our destiny, and I think it's a step towards independence."

Trump is set to announce a comprehensive tariff proposal on what he's called "Liberation Day" this Wednesday, after implementing levies on aluminium, steel, and automobiles, along with increased tariffs on all goods from China.

"He's someone who always takes a transactional approach. He applies this kind of principle, which is more in the realm of business, to the management of international relations," Lagarde said.

The ECB President reaffirmed her estimate of a decrease of about 0.3 percentage points for Europe in the first year of tariffs on US imports from Europe.

She added that if Europe responds with reciprocal measures, growth will be even lower, down 0.5 percentage points.