Italy on Monday agreed to boost its energy cooperation with Algeria, as Rome looks to diversify its supplies which were once heavily reliant on Russia.
Yoon Suk Yeol's remarks at a summit in the UAE, made in front of the country's leader Sheikh Mohammed bin Zayed Al Nahyan, served to underline Seoul's commitment to nuclear power as it works to finish the Arabian Peninsula's first atomic power plant.
Sultan Al-Jaber, the United Arab Emirates' special envoy for climate change and CEO of the ADNOC oil giant, said less-polluting fossil fuels would remain part of the energy mix, along with renewables and other solutions.
Despite mild winter in Europe bringing down gas prices come down, volatility would remain "for some time to come" given there was not much gas coming into the market until 2025, Qatar's energy minister Saad al-Kaabi said.
Germany's chancellor said Friday that his country was in talks with Iraq for possibly importing natural gas as it seeks to find alternatives to Russian gas.
The rationing in areas of Syria controlled by pro-Turkey rebels comes as the price of electricity has risen and amid the failure of the Turkish company supplying the area with energy to comply with contracts reached with local councils.
Oil production accounts for some 90 percent of Baghdad's income, and the country is the second-largest producer within the Organization of the Petroleum Exporting Countries.
Russia warned it could cut oil production early next year following an oil price cap agreed by Western countries.
Algerian President Abdelmadjid Tebboune said on Thursday that the North African country is planning to offer its spare electricity capacity to Europe after energy supplies from Russia were shut down amid the Ukraine war.
Algeria "doesn't support the idea of limiting prices", Energy Minister Mohamed Arkab said, speaking a day after EU energy ministers agreed a temporary ceiling to mitigate a severe energy crunch.