Germany’s RWE and UAE’s ADNOC Ink LNG Deal

Germany’s RWE and UAE’s ADNOC Ink LNG Deal

United Arab Emirates President Sheikh Mohamed bin Zayed and German Chancellor Olaf Scholz witnessed on Sunday the signing of a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the UAE and Germany in energy security, decarbonization and climate action.

The agreement was signed by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, UAE Climate Special Envoy, and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), and Dr. Franziska Brantner, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Climate Action, reported the UAE state news agency (WAM).

As part of the agreement, Abu Dhabi National Oil Company (ADNOC) has entered into an LNG supply agreement with RWE AG (RWE), with ADNOC providing an LNG cargo for delivery in late 2022, to be used in the commissioning of Germany’s floating LNG import terminal at Brunsbüttel.

In addition, ADNOC has reserved a number of further LNG cargos exclusively for German customers in 2023.

ADNOC has also entered into a number of agreements with German customers, including Steag GmbH (Steag) and Aurubis AG (Aurubis) for demonstration cargos of low-carbon ammonia, a carrier fuel for hydrogen that can play