About 55% of global demand will be met by oil and gas in 2035, but decline rates make that challenging.
Regulators are working out the details of the agreement as lease sales approach on both sides of the border.
The prospects include Al Khayr, Tortue and Marsouin.
The availability of dual-fuel engines and dedicated natural gas engines has created more fuel options in the oil patch.
With hydrocarbons plentiful, the region is a sleeping giant for the oil and gas industry.