UAE, Germany sign deal to accelerate projects in energy security, decarbonisation and climate action

UAE, Germany sign deal to accelerate projects in energy security, decarbonisation and climate action

Adnoc to provide liquefied natural gas to the country by late 2022 as part of agreement

By Wam Published: Sun 25 Sep 2022, 4:53 PM

UAE President, His Highness Sheikh Mohamed bin Zayed, and German Chancellor, Olaf Scholz, have witnessed the signing of a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between both countries in energy security, decarbonisation 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.

As part of the agreement, Adnoc has entered into an agreement with RWE AG (RWE), with Adnoc providing liquefied natural gas (LNG) to 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