Both the companies will work together in areas of blue and green hydrogen and various clean energy initiatives, according to a statement.

Moscow has imposed sanctions on the owner of the Polish part of the Yamal pipeline that carries Russian gas to Europe, as well as Gazprom's former German unit, whose subsidiaries help meet Europe's gas consumption.

To speed up greening of the emerging hydrogen economy, the IAEA last month launched an initiative to develop a roadmap for the commercial deployment of hydrogen production using nuclear energy.

A hydrogen production facility will be connected to the HTTR owned by JAEA to develop hydrogen production technology utilising the reactor’s high temperature heat.

Masdar and Hassan Allam Utilities have signed preliminary agreements with several parastatals in Egypt to set up a strategic platform that targets an electrolyser capacity of 4 GW in Egypt by 2030

By the end of 2021, global renewable generation capacity amounted to 3 064 Gigawatt (GW), increasing the stock of renewable power by 9.1 per cent.

The presidents exchanged greetings on the 60th anniversary of diplomatic relations between the two countries marked this year and noted that Russia and Algeria enjoy steady and consistent development of friendly ties.

Algeria will gradually provide increasing volumes of gas to Italy from 2022, up to 9 bcm/year in 2023-24.

Agreements were announced during the visit of Dr. Robert Habeck, German Federal Minister for Economic Affairs and Climate Action, to the UAE. They build upon the longstanding Emirati-German Energy Partnership as well as the Ministerial Emirati-German Hydrogen Task Force that was inaugurated in November 2021.

The German year-ahead baseload traded as high as Eur197.75/MWh, a new high for the 2023 contract, while year-ahead coal into Europe traded at $230/mt, EEX and ICE exchange data showed.