The United Arab Emirates (UAE) and Germany have agreed on the supplying the latter with cargoes of diesel, liquified natural gas (LNG), and low-carbon ammonia.
The Emirati state news agency reported that the UAE’s Abu Dhabi National Oil Co. (ADNOC) signed a deal with German utility RWE to supply it with LNG cargo later this year.
Without giving further details, the agency said ADNOC also earmarked several other LNG cargoes for German customers for delivery in 2023.
ADNOC and the German Wilhelm Hoyer GmbH & Co. KG (Hoyer) have also signed a deal to supply up to 250,000 tons of diesel per month in 2023.
The deals were inked during German Chancellor Olaf Scholz’s visit to the Gulf nation.
After the signing of the deals, Scholz said, “I welcome the signing of the joint declaration of intent on the Energy Security and Industry Accelerator – ESIA. Through ESIA, we enable the swift implementation of strategic lighthouse projects on the focus areas of renewable energies, hydrogen, LNG and climate action.”
On Saturday, Scholz began a two-day Gulf tour that took him to Saudi Arabia and the UAE for talks on energy cooperation, and later is set to include Qatar.
Germany, along with many European countries, is facing an energy crisis after Russia reduced the supply of natural gas to Europe via the Nord Stream 1 strategic pipeline in response to European sanctions on Moscow over its war on Ukraine.