UAE Business: UAE, Germany sign energy security, industry accelerator pact – Gulf Digital News

UAE Business: UAE, Germany sign energy security, industry accelerator pact – Gulf Digital News

The UAE and Germany have announced the signing of a new energy security and industry accelerator (ESIA) agreement that will accelerate projects of joint interest between the two countries 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, in the presence of UAE President HH Sheikh Mohamed bin Zayed and German Chancellor Olaf Scholz as well as a number of ministers and senior officials.

As part of the agreement, 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, it added.

Adnoc said it had 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